Before awarding scholarship assistance with funds provided under this part to any student attending a teacher preparation program, a grantee must—
(a)
Ensure that the student understands the terms and conditions that the Secretary has determined must be included in the scholarship agreement;
(b)
Have the student and the institution awarding the scholarship execute a scholarship agreement that contains these terms and conditions; and
(c)
Establish policies for—
(1)
The withdrawal of scholarship support for any student who does not remain in good academic standing; and
(2)
Determining when and if re-negotiation of a student's scholarship package over an extended period of time is appropriate.
(Approved by the Office of Management and Budget under control number 1840-0753)
Code of Federal Regulations
(Authority:
20 U.S.C. 1024(e)
)