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    An institution may use its FSEOG allocation and reallocation only for-(1) Making grants to eligible students; and (2) Carrying out the administrative activities described in paragraph (b)(4) of this section. An institution shall transfer back to the FWS program any funds unexpended at the end of the award year.

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    An institution may use its FSEOG allocation and reallocation only for-(1) Making grants to eligible students; and (2) Carrying out the administrative activities described in paragraph (b)(4) of this section. An institution shall transfer back to the FWS program any funds unexpended at the end of the award year.

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    Description: Tags: Doc0695 Bodyoftext

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    An institution may use its FSEOG allocation and reallocation only for-(1) Making grants to eligible students; and (2) Carrying out the administrative activities described in paragraph (b)(4) of this section. An institution shall transfer back to the FWS program any funds unexpended at the end of the award year.

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    IFAP
    FSA Information for Financial Aid Professionals
    U.S. Department of Education

    Citations: (R)676.18
    AsOfDate: 12/31/97

    Sec. 676.18 Use of funds.

    (a) General. An institution may use its FSEOG allocation and reallocation only for--

    (1) Making grants to eligible students; and

    (2) Carrying out the administrative activities described in paragraph (b)(4) of this section.

    (b) Transfer back of funds to FWS. An institution shall transfer back to the FWS program any funds unexpended at
    the end of the award year that it transferred to the FSEOG program from the FWS program.

    (Authority: 20 U.S.C. 1070b et seq., 1095 and 1096)

    Note: (a) and (c) amended November 30, 1994, effective July 1, 1995. (b) removed and (c) redesignated as (b)
    November 27, 1996, effective July 1, 1997.

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