Page:United States Statutes at Large Volume 106 Part 1.djvu/624

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106 STAT. 592 PUBLIC LAW 102-325—JULY 23, 1992 'Parents'Assessment From Adjusted Available Income (AAI) If AAI is— Then the assessment is— Less than-$3,409 -$750 -$3,409 to $9,400 22% ofAAI $9,401 to $11,800 $2,068 + 25% of AAI over $9,400 $11,801 to $14,200 $2,668 + 29% of AAI over $11,800 $14,201 to $16,600 $3,364 +34% ofAAI over $14,200 $16,601 to $19,000 $4,180 + 40% of AAI over $16,600 $19,001 or more $5,140 + 47% of AAI over $19,000 "(f) COMPUTATIONS IN CASE OP SEPARATION, DIVORCE, REMARRIAGE, OR DEATH. — "(1) DIVORCED OR SEPARATED PARENTS. —Parental income and assets for a student whose parents are divorced or separated is determined under the following procedures: "(A) Include only the income and assets of the parent with whom the student resided for the greater portion of the 12-month period preceding the date of the application. "(B) If the preceding criterion does not apply, include • only the income and assets of the parent who provided the greater portion of the student's support for the 12- montii period preceding the date of application. "(C) If neither of the preceding criteria apply, include only the income and assets of the parent who provided the greater support during the most recent calendar year for which parental support was provided. "(2) DEATH OF A PARENT. — Parental income and assets in the case of the death of any parent is determined as follows: "(A) If either of the parents has died, the student shall include only the income and assets of the surviving parent. "(B) If both parents have died, the student shall not report any parental income or assets. "(3) REMARRIED PARENTS. —Income in the case of a parent whose income and assets are taken into account under paragraph (1) of this subsection, or a parent who is a widow or widpwer and whose income is taken into account under paragraph (2) of this subsection, has remarried, is determined as follows: The income of that parent's spouse shall be included in determining the parent's adjusted available income only if— "(A) the student's parent and the stepparent are married as of the date of application for the award year concerned; and "(B) the student is not an independent student. "(g) STUDENT CONTRIBUTION FROM AVAILABLE INCOME.— "(1) IN GENERAL. —The student contribution from available income is equal to^ "(A) the student's total income (determined in accordance with section 480); minus "(B) the acljustment to student income (determined in accordance with paragraph (2); multiplied by "(C) the assessment rate as determined in paragraph (5); except that the amount determined under this subsection shall not be less than zero.