award of fellowships and approval of institutions

award of fellowships and approval of institutions Sec. 403. (a) The Commissioner shall award fellowships under this title to individuals accepted for study in graduate programs approved by him under this section. The Commissioner shall approve a graduate program of an institution of higher education only upon application by the institution and only upon his finding: (1) that such program is a new program or an existing program which has been expanded, (2) that such new program or expansion of an existing program will substantially further the objective of increasing the facilities available in the Nation for the graduate training of college or university level teachers and of promoting a wider geographical distribution of such facilities throughout the Nation, and (3) that in the acceptance of persons for study in such programs preference will be given to persons interested in teaching in institutions of higher education. (b) The total of the fellowships awarded under this title for pursuing a course of study in a graduate program at any institution of higher education may not exceed a limit established by the Commissioner in the light of the objective referred to in subsection (a) (2).