| Page Range | 45966-45969 | |
| FR Document | 2015-18991 |
[Federal Register Volume 80, Number 148 (Monday, August 3, 2015)] [Notices] [Pages 45966-45969] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-18991] ----------------------------------------------------------------------- DEPARTMENT OF EDUCATION Federal Need Analysis Methodology for the 2016-17 Award Year-- Federal Pell Grant, Federal Perkins Loan, Federal Work-Study, Federal Supplemental Educational Opportunity Grant, William D. Ford Federal Direct Loan, Iraq and Afghanistan Service Grant and TEACH Grant Programs; Correction AGENCY: Federal Student Aid, Department of Education. ACTION: Notice; correction. ----------------------------------------------------------------------- Catalog of Federal Domestic Assistance (CFDA) Numbers: 84.063; 84.038; 84.033; 84.007; 84.268; 84.408; 84.379. SUMMARY: On May 27, 2015, we published in the Federal Register a notice announcing the annual updates to the tables used in the statutory Federal Need Analysis Methodology that determines a student's expected family contribution for award year 2016-17. Section 478 of the Higher Education Act of 1965, as amended, requires the Secretary to annually update four tables for price inflation. This notice corrects the Education Savings and Asset Protection Allowance tables. [[Page 45967]] FOR FURTHER INFORMATION CONTACT: Marya Dennis, U.S. Department of Education, Room 63G2, Union Center Plaza, 830 First Street NE., Washington, DC 20202-5454. Telephone: (202) 377-3385. If you use a telecommunications device for the deaf (TDD) or a text telephone (TTY), call the Federal Relay Service, toll free, at 1-800- 877-8339. SUPPLEMENTARY INFORMATION: Correction In the Federal Register of May 27, 2015 (80 FR 30217), we replace the tables included in section ``3. Education Savings and Asset Protection Allowance'' on pages 30218 through 30221 with the following tables. This allowance protects a portion of Net Worth (assets less debts) from being considered available for postsecondary educational expenses. There are three asset protection allowance tables: One for parents of dependent students, one for independent students with dependents other than a spouse, and one for independent students without dependents other than a spouse. Parents of Dependent Students ------------------------------------------------------------------------ And they are If the age of the older parent is ------------------------------------- Married Single ------------------------------------------------------------------------ Then the education savings and asset protection allowance is-- ------------------------------------------------------------------------ 25 or less........................ 0 0 26................................ 1,000 500 27................................ 2,100 1,100 28................................ 3,100 1,600 29................................ 4,100 2,100 30................................ 5,200 2,600 31................................ 6,200 3,200 32................................ 7,200 3,700 33................................ 8,300 4,200 34................................ 9,300 4,700 35................................ 10,300 5,300 36................................ 11,400 5,800 37................................ 12,400 6,300 38................................ 13,400 6,800 39................................ 14,500 7,400 40................................ 15,500 7,900 41................................ 15,900 8,100 42................................ 16,300 8,300 43................................ 16,600 8,500 44................................ 17,000 8,600 45................................ 17,400 8,800 46................................ 17,800 9,000 47................................ 18,300 9,200 48................................ 18,700 9,400 49................................ 19,200 9,700 50................................ 19,700 9,900 51................................ 20,200 10,100 52................................ 20,700 10,400 53................................ 21,300 10,600 54................................ 21,800 10,900 55................................ 22,400 11,100 56................................ 23,000 11,400 57................................ 23,700 11,700 58................................ 24,300 12,000 59................................ 25,000 12,300 60................................ 25,700 12,600 61................................ 26,400 12,900 62................................ 27,200 13,200 63................................ 27,900 13,600 64................................ 28,800 13,900 65 or older....................... 29,600 14,300 ------------------------------------------------------------------------ Independent Students With Dependents Other Than a Spouse ------------------------------------------------------------------------ And they are If the age of the student is ------------------------------------- Married Single ------------------------------------------------------------------------ Then the education savings and asset protection allowance is-- ------------------------------------------------------------------------ 25 or less........................ 0 0 26................................ 1,000 500 27................................ 2,100 1,100 28................................ 3,100 1,600 [[Page 45968]] 29................................ 4,100 2,100 30................................ 5,200 2,600 31................................ 6,200 3,200 32................................ 7,200 3,700 33................................ 8,300 4,200 34................................ 9,300 4,700 35................................ 10,300 5,300 36................................ 11,400 5,800 37................................ 12,400 6,300 38................................ 13,400 6,800 39................................ 14,500 7,400 40................................ 15,500 7,900 41................................ 15,900 8,100 42................................ 16,300 8,300 43................................ 16,600 8,500 44................................ 17,000 8,600 45................................ 17,400 8,800 46................................ 17,800 9,000 47................................ 18,300 9,200 48................................ 18,700 9,400 49................................ 19,200 9,700 50................................ 19,700 9,900 51................................ 20,200 10,100 52................................ 20,700 10,400 53................................ 21,300 10,600 54................................ 21,800 10,900 55................................ 22,400 11,100 56................................ 23,000 11,400 57................................ 23,700 11,700 58................................ 24,300 12,000 59................................ 25,000 12,300 60................................ 25,700 12,600 61................................ 26,400 12,900 62................................ 27,200 13,200 63................................ 27,900 13,600 64................................ 28,800 13,900 65 or older....................... 29,600 14,300 ------------------------------------------------------------------------ Independent Students Without Dependents Other Than a Spouse ------------------------------------------------------------------------ And they are If the age of the student is ------------------------------------- Married Single ------------------------------------------------------------------------ Then the education savings and asset protection allowance is-- ------------------------------------------------------------------------ 25 or less........................ 0 0 26................................ 1,000 500 27................................ 2,100 1,100 28................................ 3,100 1,600 29................................ 4,100 2,100 30................................ 5,200 2,600 31................................ 6,200 3,200 32................................ 7,200 3,700 33................................ 8,300 4,200 34................................ 9,300 4,700 35................................ 10,300 5,300 36................................ 11,400 5,800 37................................ 12,400 6,300 38................................ 13,400 6,800 39................................ 14,500 7,400 40................................ 15,500 7,900 41................................ 15,900 8,100 42................................ 16,300 8,300 43................................ 16,600 8,500 44................................ 17,000 8,600 45................................ 17,400 8,800 46................................ 17,800 9,000 47................................ 18,300 9,200 [[Page 45969]] 48................................ 18,700 9,400 49................................ 19,200 9,700 50................................ 19,700 9,900 51................................ 20,200 10,100 52................................ 20,700 10,400 53................................ 21,300 10,600 54................................ 21,800 10,900 55................................ 22,400 11,100 56................................ 23,000 11,400 57................................ 23,700 11,700 58................................ 24,300 12,000 59................................ 25,000 12,300 60................................ 25,700 12,600 61................................ 26,400 12,900 62................................ 27,200 13,200 63................................ 27,900 13,600 64................................ 28,800 13,900 65 or older....................... 29,600 14,300 ------------------------------------------------------------------------ Accessible Format: Individuals with disabilities can obtain this document in an accessible format (e.g., braille, large print, audiotape, or compact disc) on request to the contact person listed under FOR FURTHER INFORMATION CONTACT. Electronic Access to This Document: The official version of this document is the document published in the Federal Register. Free Internet access to the official edition of the Federal Register and the Code of Federal Regulations is available via the Federal Digital System at: www.thefederalregister.org/fdsys. At this site you can view this document, as well as all other documents of this Department published in the Federal Register, in text or Adobe Portable Document Format (PDF). To use PDF you must have Adobe Acrobat Reader, which is available free at this site. You may also access documents of the Department published in the Federal Register by using the article search feature at: www.federalregister.gov. Specifically, through the advanced search feature at this site, you can limit your search to documents published by the Department. Program Authority: 20 U.S.C. 1087rr. Dated: July 28, 2015. James W. Runcie, Chief Operating Officer Federal Student Aid. [FR Doc. 2015-18991 Filed 7-31-15; 8:45 am] BILLING CODE 4000-01-P
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice; correction. | |
| Contact | Marya Dennis, U.S. Department of Education, Room 63G2, Union Center Plaza, 830 First Street NE., Washington, DC 20202-5454. Telephone: (202) 377-3385. | |
| FR Citation | 80 FR 45966 |