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(a) In each payment period, an institution may pay a student at such times and in such installments as it determines will best meet the student's needs.
(b) The institution may pay funds in one lump sum for all the prior payment periods for which the student was eligible under § 691.15 within the award year. The student's enrollment status must be determined according to work already completed.
(Authority: 20 U.S.C. 1070a–1)
Cite this article: FindLaw.com - Code of Federal Regulations Title 34. Education § 34.691.76 Frequency of payment - last updated October 03, 2022 | https://codes.findlaw.com/cfr/title-34-education/cfr-sect-34-691-76/
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