34 CFR § 677.1 - Calculations.

---
identifier: "/us/cfr/t34/s677.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "34 CFR § 677.1 - Calculations."
title_number: 34
title_name: "Education"
section_number: "677.1"
section_name: "Calculations."
chapter_name: "OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION"
part_number: "677"
part_name: "HIGHER EDUCATION EMERGENCY RELIEF FUND PROGRAMS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "20 U.S.C. 1221e-3; section 314(a)(2), Pub. L. 116-260, Division M, 134 Stat. 1182, unless otherwise noted."
regulatory_source: "86 FR 21195, Apr. 22, 2021, unless otherwise noted."
cfr_part: "677"
---


# 677.1 Calculations.

For the purpose of calculating allocations under section 314(a)(2)(A)(iii) of the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 (division M of Pub. L. 116-260, December 27, 2020), an institution that has a total endowment of less than $1,000,000, including an institution that does not have an endowment, will be treated by the Secretary as having a total endowment of $1,000,000.