20 U.S.C. § 1087nn — Determination of student aid index

Page 607 TITLE 20—EDUCATION § 1087oo purpose of this subchapter, except subpart 2 of part A,’’, and added subsec. (b). 1998—Pub. L. 105–244 substituted ‘‘subpart 2’’ for ‘‘sub- part 4’’. 1992—Pub. L. 102–325 amended section generally. Prior to amendment, section read as follows: ‘‘For the pur- pose of this subchapter, except subparts 1 and 3 of part A, the term ‘family contribution’ with respect to any student means the amount which the student and his or her family may be reasonably expected to contribute toward his or her postsecondary education for the aca- demic year for which the determination is made, as de- termined in accordance with this part.’’ Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 2020 AMENDMENT Amendment by Pub. L. 116–260 effective July 1, 2024, except as otherwise expressly provided, and applicable with respect to award year 2024–2025 and each subse- quent award year, as determined under this chapter, see section 701(b) of Pub. L. 116–260, set out as a note under section 1001 of this title. Implementation of amendment by Pub. L. 116–260 allowed on or after July 1, 2023, see section 102(c)(1)(A)(i) of Pub. L. 117–103, set out as an On-Time Effective Date Permitted note under section 1070a of this title. EFFECTIVE DATE OF 2009 AMENDMENT Pub. L. 111–39, title IV, § 406(b), July 1, 2009, 123 Stat. 1950, provided that: ‘‘The amendments made by— ‘‘(1) paragraph (1) of subsection (a) [amending this section] shall take effect on July 1, 2009; and ‘‘(2) paragraph (4) of such subsection [amending sec- tion 1087ss of this title] shall be effective as if en- acted as part of the amendments in section 602(a) of the College Cost Reduction and Access Act (Public Law 110–84), and shall take effect on July 1, 2009.’’ EFFECTIVE DATE OF 1998 AMENDMENT Amendment by Pub. L. 105–244 effective Oct. 7, 1998, see section 480A of Pub. L. 105–244, set out as a note under section 1087kk of this title. EFFECTIVE DATE OF 1992 AMENDMENT Amendment by Pub. L. 102–325 applicable with re- spect to determinations of need under this part for award years beginning on or after July 1, 1993, see sec- tion 471(b) of Pub. L. 102–325, set out as a note under section 1087kk of this title. § 1087nn. Determination of student aid index The student aid index— (1) for a dependent student shall be deter- mined in accordance with section 1087oo of this title; (2) for a single independent student or a married independent student without depend- ents (other than a spouse) shall be determined in accordance with section 1087pp of this title; and (3) for an independent student with depend- ents other than a spouse shall be determined in accordance with section 1087qq of this title. (Pub. L. 89–329, title IV, § 474, as added Pub. L. 99–498, title IV, § 406(a), Oct. 17, 1986, 100 Stat. 1456; amended Pub. L. 100–369, § 7(c), July 18, 1988, 102 Stat. 837; Pub. L. 102–325, title IV, § 471(a), July 23, 1992, 106 Stat. 587; Pub. L. 105–244, title IV, § 472, Oct. 7, 1998, 112 Stat. 1729; Pub. L. 116–260, div. FF, title VII, § 702(c), Dec. 27, 2020, 134 Stat. 3141.) Editorial Notes AMENDMENTS 2020—Pub. L. 116–260 amended section generally. Prior to amendment, section related to determination of ex- pected family contribution and the data elements to be considered. 1998—Subsec. (b)(3). Pub. L. 105–244 inserted ‘‘, excluding the student’s parents,’’ after ‘‘family of the student’’. 1992—Pub. L. 102–325 substituted ‘‘Determination of expected family contribution; data elements’’ for ‘‘Data elements used in determining expected family contribution’’ in section catchline and amended text generally, adding subsec. (a), designating existing pro- visions as subsec. (b) and inserting heading, adding the age of the older parent, in the case of a dependent stu- dent, and the student as a data element and striking out consideration of any unusual medical and dental expenses and consideration of the number of dependent children other than the student enrolled in a private el- ementary or secondary institution and the unreim- bursed tuition paid as data elements. 1988—Par. (8). Pub. L. 100–369 substituted ‘‘Internal Revenue Code of 1986’’ for ‘‘Internal Revenue Code of 1954’’, which for purposes of codification was translated as ‘‘title 26’’ thus requiring no change in text. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 2020 AMENDMENT Amendment by Pub. L. 116–260 effective July 1, 2024, except as otherwise expressly provided, and applicable with respect to award year 2024–2025 and each subse- quent award year, as determined under this chapter, see section 701(b) of Pub. L. 116–260, set out as a note under section 1001 of this title. EFFECTIVE DATE OF 1998 AMENDMENT Amendment by Pub. L. 105–244, effective Oct. 7, 1998, and applicable with respect to determinations of need under this part for academic years beginning on or after July 1, 2000, see section 480A of Pub. L. 105–244, set out as a note under section 1087kk of this title. EFFECTIVE DATE OF 1992 AMENDMENT Amendment by Pub. L. 102–325 applicable with re- spect to determinations of need under this part for award years beginning on or after July 1, 1993, see sec- tion 471(b) of Pub. L. 102–325, set out as a note under section 1087kk of this title. § 1087oo. Student aid index for dependent stu- dents (a) Computation of student aid index (1) In general Except as provided in paragraph (2), for each dependent student, the student aid index is equal to the sum of— (A) the assessment of the parents’ adjusted available income (determined in accordance with subsection (b)); (B) the assessment of the student’s avail- able income (determined in accordance with subsection (g)); and (C) the student’s available assets (deter- mined in accordance with subsection (h)). (2) Exception If the sum determined under paragraph (1) with respect to a dependent student is less than ¥ $1,500, the student aid index for the de- pendent student shall be ¥ $1,500. (b) Assessment of parents’ adjusted available in- come The assessment of parents’ adjusted available income is equal to the amount determined by— (1) computing adjusted available income by adding—