Page:United States Statutes at Large Volume 100 Part 2.djvu/354

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PUBLIC LAW 99-000—MMMM. DD, 1986

100 STAT. 1456

PUBLIC LAW 99-498—OCT. 17, 1986 % «

20 USC I087nn.

26 USC 2.

"DATA ELEMENTS USED IN DETERMINING EXPECTED FAMILY CONTRIBUTION

"SEC. 474. The following data elements are considered in determining the expected family contribution: "(1) the available income of (A) the student and his or her spouse, or (B) the student (and spouse) 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 in, on at least a half-time basis, a program of postsecondary education and for whom the family may reasonably be expected to contribute to their postsecondary education; "(4) the net assets of (A) the student and his or her spouse, and (B) the student (and spouse) and the student's parents, in the case of a dependent student; "(5) the marital status of the student; "(6) any unusual medical and dental expenses of (A) the student and the student's parents, in the csise of a dependent student, or (B) the student and his or her dependents, in the case of an independent student; "(7) the number of dependent children other than the student enrolled in a private elementary or secondary institution and the unreimbursed tuition paid (A) in the case of a dependent student, by the student's parents for such dependent children, or (B) in the case of an independent student with dependents, by the student or his or her spouse for such dependent children who are so enrolled; and "(8) 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 both the student and his or her 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. "FAMILY CONTRIBUTION FOR DEPENDENT STUDENTS

20 USC I087oo.

475. (a) COMPUTATION OF EXPECTED FAMILY CONTRIBUTION.— For each dependent student the expected family contribution is equal to the sum of— "(1) the parents' contribution from adjusted available income (determined in accordance with subsection (b)); "(2) the student (and spouse) contribution from available income (determined in accordance with subsection (g)); and "(3) the student (and spouse) income supplemental amount from assets (determined in accordance with subsection (h)). "SEC.

"(b)

..,,.

PARENTS'

CONTRIBUTION

FROM

ADJUSTED

AVAILABLE

INCOME.—The parents' contribution from adjusted available income is equal to the amount determined by— "(1) computing adjusted available income by adding— "(A) the parents' available income (determined in accordance with subsection (c)); and "(B) the parents' income supplemental amount from assets (determined in accordance with subsection (d));