Section 2525.440 - Is there a limit on the number of recipients an individual may designate to receive a transferred award?(a) An Eligible Individual may transfer all or part of a non-expired education award to no more than two recipients.(b) If a Designated Recipient rejects, in whole or in part, a transferred education award, or a transfer was revoked in accordance with § 2525.480 , the education award can be transferred to another Designated Recipient, so long as the education award has not yet expired.