Section 657.32 - [Effective until 8/15/2025] What is the payment procedure for fellowships?(a) An institution shall pay a fellow his or her subsistence and any other allowance in installments during the term of the fellowship.(b) An institution shall make a payment only to a fellow who is in good standing and is making satisfactory progress.(c) The institution shall make appropriate adjustments of any overpayment or underpayment to a fellow.(d) Funds not used by one recipient for reasons of withdrawal are to be used for alternate recipients to the extent that funds are available for a full subsistence allowance. Authority: 20 U.S.C. 1122