[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: 34CFR650.42]

[Page 360]
 
                           TITLE 34--EDUCATION
 
                         DEPARTMENT OF EDUCATION
 
PART 650--JACOB K. JAVITS FELLOWSHIP PROGRAM--Table of Contents
 
     Subpart E--What Are the Administrative Responsibilities of the 
                              Institution?
 
Sec. 650.42  How are stipends to be administered?

    (a) The institution annually shall calculate the amount of a 
fellow's financial need in the same manner as that in which the 
institution calculates its students' financial need under part F of 
title IV of the HEA.
    (b) For a fellowship initially awarded for an academic year prior to 
the academic year 1993-1994, the institution shall pay the fellow a 
stipend in the amount of the fellow's financial need or $10,000, 
whichever is less.
    (c) For a fellowship initially awarded for the academic year 1993-
1994 or any succeeding academic year, the institution shall pay the 
fellow a stipend at a level of support equal to that provided by the 
National Science Foundation graduate fellowships, except that the amount 
must be adjusted as necessary so as not to exceed the fellow's 
demonstrated level of financial need.

(Authority: 20 U.S.C. 1134b)