45 CFR 2525.440 - Is there a limit on the number of recipients an individual may designate to receive a transferred award?

Regulations last checked for updates: Nov 22, 2024

Title 45 - Public Welfare last revised: Nov 19, 2024

View all text of Subpart F [§ 2525.410 - § 2525.490]

§ 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(b) If a Designated Recipient rejects, in whole or in part, a transferred education award, or a transfer was revoked in accordance with § 2525.480, the education award can be transferred to another Designated Recipient, so long as the education award has not yet expired.

authority: 42 U.S.C. 12601-12606

source: 88 FR 44727, July 13, 2023, unless otherwise noted.

cite as: 45 CFR 2525.440