45 C.F.R. § 2525.450

Current through October 31, 2024
Section 2525.450 - Is there a limit on the amount of transferred education awards a Designated Recipient may receive?
(a) If the sum of the value of the requested transfer plus the aggregate value of education awards a Designated Recipient has previously earned or received, through the Designated Recipient's own service term or having previously been transferred an education award, would exceed the aggregate value of two full-time education awards, as determined pursuant to § 2525.50(b) , the Designated Recipient will be deemed to have rejected that portion of the education award that would result in the excess.
(b) If a Designated Recipient has already received the aggregate value of two full-time education awards, they may not receive a transferred education award, and the Designated Recipient will be deemed to have rejected the education award in full.

45 C.F.R. §2525.450

88 FR 44727 , 8/14/2023