Source: https://www.law.cornell.edu/cfr/text/34/694.14
Timestamp: 2017-10-17 06:25:37
Document Index: 120070051

Matched Legal Cases: ['art 694', '§ 694', '§ 694', '§ 694', '§ 694', '§ 694', '§ 694']

34 CFR 694.14 - What are the requirements concerning section 404E scholarship awards for grantees whose initial GEAR UP grant awards were made on or after August 14, 2008? | US Law | LII / Legal Information Institute
CFR › Title 34 › Subtitle B › Chapter VI › Part 694 › Section 694.14
34 CFR 694.14 - What are the requirements concerning section 404E scholarship awards for grantees whose initial GEAR UP grant awards were made on or after August 14, 2008?
§ 694.14 What are the requirements concerning section 404E scholarship awards for grantees whose initial GEAR UP grant awards were made on or after August 14, 2008?
The following requirements apply to section 404E scholarship awards provided by grantees whose initial GEAR UP grant awards were made on or after August 14, 2008 and any section 404E scholarship awards for grantees whose initial GEAR UP grant awards were issued prior to August 14, 2008, but who, pursuant to § 694.12(b)(2), elected to use the § 694.14 requirements (rather than the § 694.13 requirements).
(1) The maximum scholarship amount that an eligible student may receive under section 404E of the HEA must be established by the grantee.
(b) For purposes of this section, an eligible student is a student who -
(4) Has participated in the activities required under § 694.21.
(1) By the time students who have received services from a State grant have completed the twelfth grade, a State that has not received a waiver under section 404E(b)(2) of the HEA of the requirement to spend at least 50 percent of its GEAR UP funds on scholarships must have in reserve an amount that is not less than the minimum Federal Pell Grant multiplied by the number of students the State estimates will enroll in an institution of higher education.
(2) Consistent with paragraph (a) of this section and § 694.16(a), States must use funds held in reserve to make scholarships to eligible students.
34 CFR 694.16 — What Are the Requirements for Redistribution or Return of Scholarship Funds Not Awarded to a Project's Eligible Students?
34 CFR 694.12 — Under What Conditions Do State and Partnership GEAR UP Grantees Make Section 404E Scholarship Awards?
34 CFR 694.14 — What Are the Requirements Concerning Section 404E Scholarship Awards for Grantees Whose Initial GEAR UP Grant Awards Were Made on or After August 14, 2008?