Current through October 31, 2024
Section 2525.50 - Is there a limit on the total amount of education awards an individual may receive?(a)General limitation. While there is no limit on the specific dollar amount, no individual may receive more than the amount equal to the aggregate value of two full-time education awards.(b)Calculation of aggregate value of awards received. The aggregate value of education awards received is the sum of:(1) The value of each education award received for successful completion of an approved national service position;(2) The value of each partial education award received upon release from an approved national service position for compelling personal circumstances; and(3) The value of any amount received from a transferred education award, except as provided in § 2525.460 .(c)Determination of receipt of award. For purposes of determining the aggregate value of education awards, an award is considered to be received at the time it becomes available for use.