§1087rr. Regulations; updated tables — Inbound Citations
20 U.S.C. § 1087rr
Cited by 12 provisions in release 119-102.
Citations to 20 U.S.C. § 1087rr as a whole
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(B) by March 1: proposed modifications, updates, and notices pursuant to sections 1087rr and 1090(a)(5)1 of this title published in the Federal Register;
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(C) by June 1: final modifications, updates, and notices pursuant to sections 1087rr and 1090(a)(5)1 of this title published in the Federal Register;
Citations to §1087rr(b)
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(3) The income protection allowance shall equal the amount determined in the following table, as adjusted by the Secretary pursuant to section 1087rr(b) of this title:
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(C) an income protection allowance that is equal to $9,410, as adjusted pursuant to section 1087rr(b) of this title; and
Citations to §1087rr(c)
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(1) The term “assets” means the amount in checking and savings accounts, time deposits, money market funds, investments, trusts, stocks, bonds, derivatives, securities, mutual funds, tax shelters, qualified education benefits (except as provided in paragraph (3)), the annual amount of child support received and the net value of real estate, vacation homes, income producing property, and business and farm assets, determined in accordance with section 1087rr(c) of this title.
Citations to §1087rr(d)
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(2) The asset protection allowance is calculated based on the following table (as revised by the Secretary pursuant to section 1087rr(d) of this title):
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(2) The asset protection allowance is calculated based on the following table (as revised by the Secretary pursuant to section 1087rr(d) of this title):
Citations to §1087rr(e)
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(e) The assessment of the parents’ adjusted available income (as determined under subsection (b)(1) and hereafter in this subsection referred to as “AAI”) is calculated based on the following table (as revised by the Secretary pursuant to section 1087rr(e) of this title):
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(d) The assessment of adjusted available income (as determined under subsection (a)(1) and hereafter in this subsection referred to as “AAI”) is calculated based on the following table (as revised by the Secretary pursuant to section 1087rr(e) of this title):
Citations to §1087rr(g)
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(4) The employment expense allowance is equal to the lesser of $4,000 or 35 percent of the single parent’s earned income or married parents’ combined earned income (as adjusted by the Secretary pursuant to section 1087rr(g) of this title).
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(A) If the student is married, such allowance is equal to the lesser of $4,000 or 35 percent of the couple’s combined earned income (as adjusted by the Secretary pursuant to section 1087rr(g) of this title).
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(4) The employment expense allowance is equal to the lesser of $4,000 or 35 percent of the student’s earned income or the combined earned income of the student and the student’s spouse, if applicable (as adjusted by the Secretary pursuant to section 1087rr(g) of this title).