A GEAR UP Partnership that does not participate in the GEAR UP scholarship component may provide financial assistance for postsecondary education with non-Federal funds, and those funds may be used to satisfy the matching requirement.

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Terms Used In 34 CFR 694.15

  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.

(Authority: 20 U.S.C. §§ 1070a-21 to 1070a-28)[75 FR 65800, Oct. 26, 2010]