[Code of Federal Regulations]
[Title 34, Volume 3]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 34CFR690.10]

[Page 880-881]
 
                           TITLE 34--EDUCATION
 
                         DEPARTMENT OF EDUCATION
 
PART 690--FEDERAL PELL GRANT PROGRAM--Table of Contents
 
            Subpart A--Scope, Purpose and General Definitions
 
Sec. 690.10  Administrative cost allowance to participating schools.

    (a) Subject to available appropriations, the Secretary pays to each 
participating institution $5.00 for each student who receives a Federal 
Pell Grant at that institution for an award year.
    (b) All funds an institution receives under this section must be 
used solely to pay the institution's cost of administering the Federal 
Pell Grant, Federal Perkins Loan, Federal Work-Study, and Federal 
Supplemental Educational Opportunity Grant programs.

[[Page 881]]

    (c) If an institution enrolls a significant number of students who 
are attending less-than-full-time or are independent students, the 
institution shall use a reasonable proportion of these funds to make 
financial aid services available during times and in places that will 
most effectively accommodate the needs of those students.

(Authority: 20 U.S.C. 1096)

[50 FR 10717, Mar. 15, 1985, as amended at 52 FR 45736, Dec. 1, 1987; 59 
FR 54730, 54732, Nov. 1, 1994; 61 FR 60397, Nov. 27, 1996]