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Code of Federal Regulations Title 34. Education § 34.646.33 What are the matching requirements for a grantee that uses Student Support Services program funds for student grant aid?

Current as of January 02, 2025 | Updated by Findlaw Staff

(a) Except for grantees described in paragraph (b) of this section, a grantee that uses Student Support Services program funds for grant aid to eligible students described in § 646.30(i) must—

(1) Match the Federal funds used for grant aid, in cash, from non–Federal funds, in an amount that is not less than 33 percent of the total amount of Federal grant funds used for Grant aid;  and

(2) Use no more than 20 percent of the Federal program funds awarded the grantee each year for grant aid.

(b) A grant recipient that is an institution of higher education eligible to receive funds under part A or B of title III or title V of the HEA, as amended, is not required to match the Federal funds used for grant aid.

(Approved by the Office of Management and Budget under control number 1840–NEW10)

(Authority:  20 U.S.C. 1070a–11)

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Cite this article: FindLaw.com - Code of Federal Regulations Title 34. Education § 34.646.33 What are the matching requirements for a grantee that uses Student Support Services program funds for student grant aid? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-34-education/cfr-sect-34-646-33/

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