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Citations: (R)668.21 AsOfDate: 12/31/97 Sec. 668.21 Treatment of Federal Perkins Loan, FSEOG, and Federal Pell Grant program funds if the recipient withdraws, drops out, or is expelled before his or her first day of class. (a)(1) If a student officially withdraws, drops out, or is expelled before his or her first day of class of a payment period, all funds paid to the student for that payment period for institutional or noninstitutional costs under the Pell Grant, SEOG, ICL, and Perkins Loan programs are an overpayment. (2) The institution shall return that overpayment to the respective Title IV, HEA programs in the amount that the student received from each program. (b) For purposes of this section, the Secretary considers that a student drops out before his or her first day of class of a payment period if the institution is unable to document the student's attendance at any class during the payment period. (Authority: 20 U.S.C. 1094) Note: Section heading amended December 1, 1995, effective July 1, 1996. |