What is the payment procedure for fellowships?

34 C.F.R. § 657.32
in effectEffective: 2024-07-01
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(a) An institution shall pay a fellow his or her subsistence and any other allowance in installments during the term of the fellowship. (b) An institution shall make a payment only to a fellow who is in good standing and is making satisfactory progress. (c) The institution shall make appropriate adjustments of any overpayment or underpayment to a fellow. (d) Funds not used by one recipient for reasons of withdrawal are to be used for alternate recipients to the extent that funds are available for a full subsistence allowance.

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