Page:United States Statutes at Large Volume 106 Part 1.djvu/619

 PUBLIC LAW 102-325—JULY 23, 1992 106 STAT. 587 amount which the student and the student's family may be reasonably ejected to contribute toward the student's postsecondary education for the academic year for which the determination is made, as determined in accordance with this part. "SEC. 474. DETERMINATION OF EXPECTED FAMILY CONTRIBUTION; 20 USC 1087nn. DATA ELEMENTS. "(a) GENERAL RULE FOR DETERMINATION OF EXPECTED FAMILY CONTRIBUTION. —The expected family contribution— "(1) for a dependent student shall be determined in accordance with section 475; "(2) for a single independent student or a married independent student without dependents (other than a spouse) shall be determined in accordance with section 476; and "(3) for an independent student with dependents other than a spouse shall be determined in accordance with section 477. "(b) DATA ELEMENTS.— The following data elements are considered in determining the expected family contribution: "(1) the available income of (A) the student and the student's spouse, or (B) the student and the student's parents, in the case of a dependent student; "(2) the number of dependents in the family of the student; "(3) the number of dependents in the family of the student who are enrolled or accepted for enrollment, on at least a half-time basis, in a degree, certificate, or other program leading to a recognized educational credential at an institution of higher education that is an eligible institution in accordance with the provisions of section 487 and for whom the family may reasonably be expected to contribute to their postsecondary education; "(4) the net assets of (A) the student and the student's spouse, and (B) the student and the student's parents, in the case of a dependent student; "(5) the marital status of the student; "(6) the age of the older parent, in the case of a dependent student, and the student; and "(7) the additional expenses incurred (A) 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 (B) in the case of an independent student, when the student is married and the student's spouse is 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 1986. "SEC. 475. FAMILY CONTRIBUTION FOR DEPENDENT STUDENTS. 20 USC 1087oo. "(a) COMPUTATION OF EXPECTED FAMILY CONTRIBUTION. — For each dependent student, the expected family contribution is equal to the simi of— "(1) the pgirents' contribution from adjusted available income (determined in accordance with subsection (b)); "(2) the student contribution from available income (determined in accordance with subsection (g)); and "(3) the student contribution from assets (determined in accordance with subsection (h)). "(b) PARENTS' CONTRIBUTION FROM ADJUSTED AVAILABLE INCOME. —The parents' contribution from adjusted available income is equal to the amount determined by—

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