Page:United States Statutes at Large Volume 100 Part 2.djvu/211

 PUBLIC LAW 99-498—OCT. 17, 1986

100 STAT. 1313

"(C) the number of family members in the household who are enrolled, on at least a half-time basis, in a program of postsecondary education; "(D) the assets of (i) the student and the student's spouse, and (ii) the student's parents, in the case of a dependent student; "(E) the marital status of the student; "(F) the unusual medical expenses of (i) the student's parents, in the case of a dependent student, or (ii) the student and the student's spouse, in the case of an independent student; "(G) the additional expenses incurred (i) in the case of a dependent student, when both parents of the student are employed or when the family is headed by a single parent who is employed, or (ii) in the case of an independent student, when both the student and the student's spouse are employed or when the employed student qualifies as a surviving spouse or as a head of a household under section 2 of the Internal Revenue Code of 1954; and "(H) the tuition paid (i) in the case of a dependent student, by the student's parents for dependent children, other than the student, who are enrolled in an elementary or secondary school, (ii) in the case of an independent student, by the student or the student's spouse for dependent children who are so enrolled.

26 USC 2.

"ELIGIBILITY DETERMINATION FOR DEPENDENT STUDENTS

411B, (a) COMPUTATION OF STUDENT AID INDEX.—For each 20 USC i070a-2. dependent student, the student aid index is equal to the sum of— "(1) the contribution from parents' income and assets, determined in accordance with subsection (b); "(2) the contribution from student's (and spouse's) income, determined in accordance with subsection (h); and "(3) the contribution from student's (and spouse's) assets, determined in accordance with subsection (1). "(b) CONTRIBUTION FROM PARENTS' INCOME AND ASSETS.—The parents' contribution from income and assets is equal to the amount determined by— "(1) computing the standard contribution from parents' income, determined in accordance with subsection (c); "(2) adding the contribution from parents' assets, determined in accordance with subsection (g); and "(3) dividing the resultant amount by the number of family members who will be attending, on at least a half-time basis, a program of postsecondary education during the award period for which aid under this subpart is requested. "(c) STANDARD CONTRIBUTION FROM PARENTS' INCOME.—The standard contribution from parents' income is determined by calculating the effective family income in accordance with subsection (d); by deducting the total offsets against income, as determined in accordance with subsection (e); and by assessing the results in accordance with subsection (f). "(d) DETERMINATION OF EFFECTIVE FAMILY INCOME.—The effective Taxes, family income is equal to— "(1) the sum of— "(A) the adjusted gross income of the parents as reported to the Internal Revenue Service for the year immediately /..ij preceding the award year, and income earned from work but not reported on a Federal income tax return; and "SEC.

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