When a payment period is in two award years (that is, when it begins

before and ends after July 1), the student is ordinarily paid for compensa-
tion earned through June 30 with funds allocated for the first award year
and for compensation earned beginning July 1 with funds allocated for the
following award year. For example, for a payment period extending from
June 15, 1998 to July 15, 1999, a student would ordinarily be paid with the Payment
school’s 1997-98 allocation through June 30 (the end of the 1997-98 award period
year) and with the school’s 1998-99 allocation beginning July 1, 1998 (the crosses
beginning of the 1998-99 award year). award years

Payment Period in Two Award Years

July 1, 1998
97-98 Award Year 98-99 Award Year

97-98 Funds 98-99 Funds

Payment Period

A school may “carry back” funds for summer employment; that is, it may May carry
use any portion of its initial and supplemental FWS allocations for the back funds
current award year to pay student wages earned on or after May 15 of the for summer
previous award year but prior to the beginning of the current award year
(July␣ 1). For example, a school is authorized to carry back any portion of
its funds allocated for the 1998-99 award year to pay FWS wages for
summer employment between May 15, 1998 and June 30, 1998 (including
both those dates).

A school may carry back funds for reasons other than to pay summer 10% carry
wages. A school is also allowed to use up to 10% of the next year’s FWS back/carry
initial and supplemental allocation at any time during the current award forward
year. “Carrying forward” is also permitted. A school may carry forward funds to
up to 10% of its FWS initial and supplemental allocation for the current award year
award year to the next award year.

1997-98 1998-99 1999-2000

FWS 10% FWS 10% FWS
Allocation Allocation Allocation

Paying Students 7-15