Page:United States Statutes at Large Volume 100 Part 2.djvu/372

 100 STAT. 1474

PUBLIC LAW 99-498—OCT. 17, 1986

tional rehabilitation program benefits (excluding educational benefits); "(2) educational benefits received under chapter 31 or chapter 38 USC 1500 et 34 of title 38, United States Code, by the student; seq., 1651 et seq. "(3) interest on tax-free bonds; "(4) the amount of dividends excluded for purposes of Federal income taxes; "(5) untaxed portions of pensions and capital gains; "(6) housing, food, and other living allowances (excluding rent subsidies for low-income housing) for military, clergy, and others (including cash payments and cash value of benefits); 29 USC 1501 "(7) Job Training Partnership Act noneducational benefits, note. except in any case in which a student is a dislocated worker certified in accordance with title III of the Job Training Part29 USC 1651. nership Act; "(8) untaxed portions of social security; "(9) welfare benefits; ! ^ ^ "(10)untaxedportionsof unemployment compensation; "(11) workmen's compensation; "(12) payments to individual retirement accounts and Keogh accounts; "(13) credit for Federal tax on special fuels; "(14) the amount of dividend reinvestment excluded for purposes of Federal income taxes; "(15) the amount of foreign income excluded for purposes of Federal income taxes; and "(16) any other untaxed income and benefits, such as black lung or railroad retirement benefits. "(d) INDEPENDENT STUDENT.—(1) The term 'independent', when used with respect to a student, means any individual who— "(A) is 24 years of age or older by December 31 of the award year; or "(B) meets the requirements of paragraph (2). "(2) Except as provided in paragraph (3), an individual meets the requirements of this paragraph if such individual— "(A) is an orphan or ward of the court; , "(B) is a veteran of the Armed Forces of the United States; •,. "(C) is a graduate or professional student who declares that he or she will not be claimed as a dependent for income tax purposes by his or her parents (or guardian) for the first calendar year of the award year; "(D) is a married individual who declares that he or she will not be claimed as a dependent for income tax purposes by his or her parents (or guardian) for the first calendar year of the award year; "(E) has legal dependents other than a spouse; "(F) is a single undergraduate student with no dependents who was not claimed as a dependent by his or her parents (or guardian) for income tax purposes for the 2 calendar years preceding the award year and demonstrates to the student financial aid administrator total self-sufficiency during the 2 calendar years preceding the award year in which the initial award will be granted by demonstrating an annual total income of $4,000; or "(G) is a student for whom a financial aid administrator makes a documented determination of independence by reason of other unusual circumstances.

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