Page:United States Statutes at Large Volume 101 Part 1.djvu/382

 101 STAT. 352

PUBLIC LAW 100-50—JUNE 3, 1987

i 3 /ifi; ance shall be computed by decreasing the asset protection V' 5 >'i[ allowance for age 40, as updated, by one-fifteenth for each year of age below age 40 and rounding the result to the nearest $100 "• 20 USC I087rr. (21) in section 478(c)(2), by striking out " '$26,000', '$91,000', and '$169,000'" and inserting '^'$24,000', '$84,000', and '$156,000'"; (22) in section 478(f), by striking out "Consumer Price Index for Wage Earners and Clerical Workers" and inserting in lieu thereof "Consumer Price Index for All Urban Consumers"; 20 USC 1087SS. (23) in section 479(a)— (A) by striking out "paragraph (2)" and inserting "subsec«ifc «c tion(b)"; (B) by striking out "families which" and inserting "famiu:? 3c lies (1) who"; and (C) by striking out "and which file a form 1040A pursuant to the Internal Revenue Code of 1954" and inserting "and (2) who file a form 1040A or 1040EZ pursuant to the In26 USC 1 et seq. ternal Revenue Code of 1986, or are not required to file pursuant to such Code"; ^,^^ (24) in section 479(b)— "*" '• (A) by striking out "and State" in paragraph (2); •,,,„,, (B) by striking out "and" at the end of paragraph (4); ' '""' (C) by striking out the period at the end of paragraph (5) •.;^; and inserting "; and"; and (D) by inserting after paragraph (5) the following new paragraph: State and local "(6) an allowance (A) for State and other taxes, as defined in governments. section 475(c)(2) for dependent students and in section 477(b)(2) for independent students with dependents, or (B) for State and 20 USC 1087OO, local income taxes, as defined in section 476(b)(2) for independ1087qq. 20 USC 1087pp. ent students without dependents."; (25) in section 479, by adding at the end thereof the following new subsection: "(c) SIMPLIFIED APPLICATION FORM,—The Secretary shall develop and use a simplified application form for families described in this section to qualify for the use of a simplified needs analysis."; 20 USC I087tt. (26) by striking out section 479A and inserting in lieu thereof the following:
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DISCRETION OF STUDENT FINANCIAL AID ADMINISTRATORS

"SEC. 479A. (a) IN GENERAL.—Nothing in this title shall be interpreted as limiting the authority of the student financial aid administrator, on the basis of adequate documentation, to make necessary adjustments to the cost of attendance and expected student or parent contribution (or both) to allow for treatment of individual students with special circumstances. In addition, nothing in this title shall be interpreted as limiting the authority of the student financial aid administrator to use supplementary information about the financial status or personal circumstance of eligible applicants in selecting recipients and determining the amount of awards under subparts 1 and 2 of part A and parts B, C, and E of this title. "(b) ADJUSTMENTS TO ASSETS TAKEN INTO ACCOUNT,—A student

financial aid administrator shall be considered to be making a necessary adjustment in accordance with subsection (a) if—

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