§ 676.2 Definitions.

(a) The definitions of the following terms used in this part are set forth in subpart A of the Student Assistance General Provisions, 34 CFR part 668:

(b) The Secretary defines other terms used in this part as follows:

*Financial need: The difference between a student's cost of attendance and his or her EFC.

Institution of higher education (institution):* A public or private nonprofit institution of higher education, a proprietary institution of higher education, or a postsecondary vocational institution.

Need-based employment:* Employment provided by an institution itself or by another entity to a student who has demonstrated to the institution or the entity (through standards or methods it establishes) a financial need for the earnings from that employment for the purpose of defraying educational costs of attendance for the award year for which the employment is provided.

Academic Competitiveness Grant (ACG) Program Academic year Award year Clock hour Enrolled Expected family contribution (EFC) Federal Family Education Loan (FFEL) Federal Pell Grant Program Federal Perkins Loan Program Federal PLUS Program Federal SLS Program Federal Work-Study (FWS) Program Full-time student HEA National Science and Mathematics Access to Retain Talent Grant (National SMART Grant) Program Payment period Secretary Teacher Education Assistance for College and Higher Education (TEACH) Grant Program TEACH Grant Undergraduate student

(Authority: 20 U.S.C. 1070g, 1087aa-1087ii)

[52 FR 45778, Dec. 1, 1987, as amended at 53 FR 52582, Dec. 28, 1988; 57 FR 32357, July 21, 1992; 59 FR 61421, Nov. 30, 1994; 60 FR 61815, Dec. 1, 1995; 61 FR 60608, Nov. 29, 1996; 69 FR 12276, Mar. 16, 2004; 71 FR 38003, July 3, 2006; 72 FR 62030, Nov. 1, 2007; 73 FR 35495, June 23, 2008]