{"identifier":"/us/usc/t20/s1087oo","title":20,"num":"\u00a7\u202f1087oo.","heading":"Student aid index for dependent students","text":"\u00a7\u202f1087oo.\nStudent aid index for dependent students\n(a)\nComputation of student aid index\n(1)\nIn general\nExcept as provided in paragraph (2), for each dependent student, the student aid index is equal to the sum of\u2014\n(A) the assessment of the parents\u2019 adjusted available income (determined in accordance with subsection (b));\n(B) the assessment of the student\u2019s available income (determined in accordance with subsection (g)); and\n(C) the student\u2019s available assets (determined in accordance with subsection (h)).\n(2)\nException\nIf the sum determined under paragraph (1) with respect to a dependent student is less than \u2212\u202f$1,500, the student aid index for the dependent student shall be \u2212\u202f$1,500.\n(b)\nAssessment of parents\u2019 adjusted available income\nThe assessment of parents\u2019 adjusted available income is equal to the amount determined by\u2014\n(1) computing adjusted available income by adding\u2014\n(A) the parents\u2019 available income (determined in accordance with subsection (c)); and\n(B) the parents\u2019 available assets (determined in accordance with subsection (d));\n(2) assessing such adjusted available income in accordance with the assessment schedule set forth in subsection (e); and\n(3) considering such assessment resulting under paragraph (2) as the amount determined under this subsection.\n(c)\nParents\u2019 available income\n(1)\nIn general\nThe parents\u2019 available income is determined by subtracting from total income (as defined in\n(A) Federal income taxes;\n(B) an allowance for payroll taxes, determined in accordance with paragraph (2);\n(C) an income protection allowance, determined in accordance with paragraph (3); and\n(D) an employment expense allowance, determined in accordance with paragraph (4).\n(2)\nAllowance for payroll taxes\nThe allowance for payroll taxes is equal to the sum of\u2014\n(A) the total amount earned by the parents, multiplied by the rate of tax under\nsection 3101(b) of title 26\n(B) the amount earned by the parents that does not exceed such contribution and benefit base (twice such contribution and benefit base, in the case of a joint return) for the year of the earnings, multiplied by the rate of tax applicable to such earnings under\nsection 3101(a) of title 26\n(3)\nIncome protection allowance\nThe income protection allowance shall equal the amount determined in the following table, as adjusted by the Secretary pursuant to\nsection 1087rr(b) of this title\nIncome Protection Allowance (to be adjusted for 2023\u20132024 and succeeding years)\nFamily Size (including\nstudent)\nAmount\n2\n$23,330\n3\n$29,040\n4\n$35,870\n5\n$42,320\n6\n$49,500\nFor each additional add\n$5,590.\n(4)\nEmployment expense allowance\nThe employment expense allowance is equal to the lesser of $4,000 or 35 percent of the single parent\u2019s earned income or married parents\u2019 combined earned income (as adjusted by the Secretary pursuant to\nsection 1087rr(g) of this title\n(d)\nParents\u2019 available assets\n(1)\nIn general\n(A)\nDetermination\nExcept as provided in subparagraph (B), the parents\u2019 available assets are equal to\u2014\n(i) the difference between the parents\u2019 assets and the asset protection allowance (determined in accordance with paragraph (2)); multiplied by\n(ii) 12 percent.\n(B)\nNot less than zero\nThe parents\u2019 available assets under this subsection shall not be less than zero.\n(2)\nAsset protection allowance\nThe asset protection allowance is calculated based on the following table (as revised by the Secretary pursuant to\nsection 10877rr(d) of this title\nAsset Protection Allowances for Parents of Dependent Students\nIf the age of the oldest parent is\u2014\nAnd there are\ntwo parents\none parent\nthen the allowance is\u2014\n25 or less\n$\u2001\u20000\n$0\n26\n$400\n$100\n27\n$700\n$300\n28\n$1,100\n$400\n29\n$1,500\n$600\n30\n$1,800\n$700\n31\n$2,200\n$800\n32\n$2,600\n$1,000\n33\n$2,900\n$1,100\n34\n$3,300\n$1,300\n35\n$3,700\n$1,400\n36\n$4,000\n$1,500\n37\n$4,400\n$1,700\n38\n$4,800\n$1,800\n39\n$5,100\n$2,000\n40\n$5,500\n$2,100\n41\n$5,600\n$2,200\n42\n$5,700\n$2,200\n43\n$5,900\n$2,300\n44\n$6,000\n$2,300\n45\n$6,200\n$2,400\n46\n$6,300\n$2,400\n47\n$6,500\n$2,500\n48\n$6,600\n$2,500\n49\n$6,800\n$2,600\n50\n$7,000\n$2,700\n51\n$7,100\n$2,700\n52\n$7,300\n$2,800\n53\n$7,500\n$2,900\n54\n$7,700\n$2,900\n55\n$7,900\n$3,000\n56\n$8,100\n$3,100\n57\n$8,400\n$3,100\n58\n$8,600\n$3,200\n59\n$8,800\n$3,300\n60\n$9,100\n$3,400\n61\n$9,300\n$3,500\n62\n$9,600\n$3,600\n63\n$9,900\n$3,700\n64\n$10,200\n$3,800\n65 or more\n$10,500\n$3,900.\n(e)\nAssessment schedule\nThe assessment of the parents\u2019 adjusted available income (as determined under subsection (b)(1) and hereafter in this subsection referred to as \u201cAAI\u201d) is calculated based on the following table (as revised by the Secretary pursuant to\nsection 1087rr(e) of this title\nParents\u2019 Contribution From AAI\nIf the parents\u2019 AAI is\u2014\nThen the parents\u2019 contribution from AAI is\u2014\nLess than \u2212\u202f$6,820\n\u2212\u202f$1,500\n\u2212\u202f$6,820 to $17,400\n22% of AAI\n$17,401 to $21,800\n$3,828 + 25% of AAI over $17,400\n$21,801 to $26,200\n$4,928 + 29% of AAI over $21,800\n$26,201 to $30,700\n$6,204 + 34% of AAI over $26,200\n$30,701 to $35,100\n$7,734 + 40% of AAI over $30,700\n$35,101 or more\n$9,494 + 47% of AAI over $35,100.\n(f)\nConsideration of parental income\n(1)\nParents who live together\nParental income and assets in the case of student whose parents are married and not separated, or who are unmarried but live together, shall include the income and assets of both parents.\n(2)\nDivorced or separated parents\nParental income and assets for a student whose parents are divorced or separated, but not remarried, is determined by including only the income and assets of the parent who provides the greater portion of the student\u2019s financial support.\n(3)\nDeath of a parent\nParental income and assets in the case of the death of any parent is determined as follows:\n(A) If either of the parents has died, the surviving parent shall be considered a single parent, until that parent has remarried.\n(B) If both parents have died, the student shall not report any parental income or assets.\n(4)\nRemarried parents\nIf a parent whose income and assets are taken into account under paragraph (2), or if a parent who is a widow or widower and whose income is taken into account under paragraph (3), has remarried, the income of that parent\u2019s spouse shall be included in determining the parent\u2019s assessment of adjusted available income if the student\u2019s parent and the stepparent are married as of the date of application for the award year concerned.\n(5)\nSingle parent who is not divorced or separated\nParental income and assets in the case of a student whose parent is not described in paragraph (1) and is a single parent who is not divorced, separated, or remarried, shall include the income and assets of such single parent.\n(g)\nStudent\u2019s available income\n(1)\nIn general\nThe student\u2019s available income is equal to\u2014\n(A) the difference between the student\u2019s total income (determined in accordance with section 480) and the adjustment to student income (determined in accordance with paragraph (2)); multiplied by\n(B) 50 percent,\nexcept that the amount determined under this paragraph shall not be less than \u2212\u202f$1,500 for award year 2024\u20132025 and not less than zero for award year 2025\u20132026 and each award year thereafter.\n(2)\nAdjustment to student income\nThe adjustment to student income is equal to the sum of\u2014\n(A) Federal income taxes;\n(B) an allowance for payroll taxes determined in accordance with paragraph (3);\n(C) an income protection allowance that is equal to $9,410, as adjusted pursuant to\nsection 1087rr(b) of this title\n(D) an allowance for parents\u2019 negative available income, determined in accordance with paragraph (4).\n(3)\nAllowance for payroll taxes\nThe allowance for payroll taxes is equal to the sum of\u2014\n(A) the total amount earned by the student, multiplied by the rate of tax under\nsection 3101(b) of title 26\n(B) the amount earned by the student that does not exceed such contribution and benefit base for the year of the earnings, multiplied by the rate of tax applicable to such earnings under\nsection 3101(a) of title 26\n(4)\nAllowance for parents\u2019 negative available income\nThe allowance for parents\u2019 negative available income is the amount, if any, by which the sum of the amounts deducted under subsection (c)(1) exceeds the sum of the parents\u2019 total income (as defined in\nsection 1087vv of this title\n(h)\nStudent\u2019s assets\nThe student\u2019s assets are determined by calculating the assets of the student and multiplying such amount by 20 percent, except that the result shall not be less than zero.","url":"https://projectusc.org/usc/t20/s1087oo.html","content":[{"t":"sec","id":"/us/usc/t20/s1087oo","children":[{"t":"num","text":"\u00a7\u202f1087oo."},{"t":"heading","text":"Student aid index for dependent students"},{"t":"subsec","id":"/us/usc/t20/s1087oo/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"Computation of student aid index"},{"t":"para","id":"/us/usc/t20/s1087oo/a/1","children":[{"t":"num","text":"(1)"},{"t":"heading","text":"In general"},{"t":"chapeau","text":"Except as provided in paragraph (2), for each dependent student, the student aid index is equal to the sum of\u2014"},{"t":"subpara","id":"/us/usc/t20/s1087oo/a/1/A","children":[{"t":"num","text":"(A)"},{"t":"content","text":" the assessment of the parents\u2019 adjusted available income (determined in accordance with subsection (b));","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t20/s1087oo/a/1/B","children":[{"t":"num","text":"(B)"},{"t":"content","text":" the assessment of the student\u2019s available income (determined in accordance with subsection (g)); and","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t20/s1087oo/a/1/C","children":[{"t":"num","text":"(C)"},{"t":"content","text":" the student\u2019s available assets (determined in accordance with subsection (h)).","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t20/s1087oo/a/2","children":[{"t":"num","text":"(2)"},{"t":"heading","text":"Exception"},{"t":"content","children":[{"t":"p","text":"If the sum determined under paragraph (1) with respect to a dependent student is less than \u2212\u202f$1,500, the student aid index for the dependent student shall be \u2212\u202f$1,500.","tail":"\n"}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t20/s1087oo/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Assessment of parents\u2019 adjusted available income"},{"t":"chapeau","text":"The assessment of parents\u2019 adjusted available income is equal to the amount determined by\u2014"},{"t":"para","id":"/us/usc/t20/s1087oo/b/1","children":[{"t":"num","text":"(1)"},{"t":"chapeau","text":" computing adjusted available income by adding\u2014"},{"t":"subpara","id":"/us/usc/t20/s1087oo/b/1/A","children":[{"t":"num","text":"(A)"},{"t":"content","text":" the parents\u2019 available income (determined in accordance with subsection (c)); and","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t20/s1087oo/b/1/B","children":[{"t":"num","text":"(B)"},{"t":"content","text":" the parents\u2019 available assets (determined in accordance with subsection (d));","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t20/s1087oo/b/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" assessing such adjusted available income in accordance with the assessment schedule set forth in subsection (e); and","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t20/s1087oo/b/3","children":[{"t":"num","text":"(3)"},{"t":"content","text":" considering such assessment resulting under paragraph (2) as the amount determined under this subsection.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t20/s1087oo/c","children":[{"t":"num","text":"(c)"},{"t":"heading","text":"Parents\u2019 available income"},{"t":"para","id":"/us/usc/t20/s1087oo/c/1","children":[{"t":"num","text":"(1)"},{"t":"heading","text":"In general"},{"t":"chapeau","text":"The parents\u2019 available income is determined by subtracting from total income (as defined in ","children":[{"t":"ref","text":"section 1087vv of this title","href":"/us/usc/t20/s1087vv","tail":")\u2014"}]},{"t":"subpara","id":"/us/usc/t20/s1087oo/c/1/A","children":[{"t":"num","text":"(A)"},{"t":"content","text":" Federal income taxes;","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t20/s1087oo/c/1/B","children":[{"t":"num","text":"(B)"},{"t":"content","text":" an allowance for payroll taxes, determined in accordance with paragraph (2);","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t20/s1087oo/c/1/C","children":[{"t":"num","text":"(C)"},{"t":"content","text":" an income protection allowance, determined in accordance with paragraph (3); and","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t20/s1087oo/c/1/D","children":[{"t":"num","text":"(D)"},{"t":"content","text":" an employment expense allowance, determined in accordance with paragraph (4).","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t20/s1087oo/c/2","children":[{"t":"num","text":"(2)"},{"t":"heading","text":"Allowance for payroll taxes"},{"t":"chapeau","text":"The allowance for payroll taxes is equal to the sum of\u2014"},{"t":"subpara","id":"/us/usc/t20/s1087oo/c/2/A","children":[{"t":"num","text":"(A)"},{"t":"content","text":" the total amount earned by the parents, multiplied by the rate of tax under ","children":[{"t":"ref","text":"section 3101(b) of title 26","href":"/us/usc/t26/s3101/b","tail":"; and"}],"tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t20/s1087oo/c/2/B","children":[{"t":"num","text":"(B)"},{"t":"content","text":" the amount earned by the parents that does not exceed such contribution and benefit base (twice such contribution and benefit base, in the case of a joint return) for the year of the earnings, multiplied by the rate of tax applicable to such earnings under ","children":[{"t":"ref","text":"section 3101(a) of title 26","href":"/us/usc/t26/s3101/a","tail":"."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t20/s1087oo/c/3","children":[{"t":"num","text":"(3)"},{"t":"heading","text":"Income protection allowance"},{"t":"content","children":[{"t":"p","text":"The income protection allowance shall equal the amount determined in the following table, as adjusted by the Secretary pursuant to ","children":[{"t":"ref","text":"section 1087rr(b) of this title","href":"/us/usc/t20/s1087rr/b","tail":":"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"p","text":"Income Protection Allowance (to be adjusted for 2023\u20132024 and succeeding years)"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"p","text":"Family Size (including"},{"t":"p","text":"student)"},{"t":"p","text":"Amount"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"2"}]},{"t":"p","text":"$23,330"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"3"}]},{"t":"p","text":"$29,040"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"4"}]},{"t":"p","text":"$35,870"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"5"}]},{"t":"p","text":"$42,320"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"6"}]},{"t":"p","text":"$49,500"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"For each additional add"}]},{"t":"p","text":"$5,590."},{"t":"text","text":"\n"},{"t":"text","text":"\n","tail":"\n"}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t20/s1087oo/c/4","children":[{"t":"num","text":"(4)"},{"t":"heading","text":"Employment expense allowance"},{"t":"content","children":[{"t":"p","text":"The employment expense allowance is equal to the lesser of $4,000 or 35 percent of the single parent\u2019s earned income or married parents\u2019 combined earned income (as adjusted by the Secretary pursuant to ","children":[{"t":"ref","text":"section 1087rr(g) of this title","href":"/us/usc/t20/s1087rr/g","tail":")."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t20/s1087oo/d","children":[{"t":"num","text":"(d)"},{"t":"heading","text":"Parents\u2019 available assets"},{"t":"para","id":"/us/usc/t20/s1087oo/d/1","children":[{"t":"num","text":"(1)"},{"t":"heading","text":"In general"},{"t":"subpara","id":"/us/usc/t20/s1087oo/d/1/A","children":[{"t":"num","text":"(A)"},{"t":"heading","text":"Determination"},{"t":"chapeau","text":"Except as provided in subparagraph (B), the parents\u2019 available assets are equal to\u2014"},{"t":"clause","id":"/us/usc/t20/s1087oo/d/1/A/i","children":[{"t":"num","text":"(i)"},{"t":"content","text":" the difference between the parents\u2019 assets and the asset protection allowance (determined in accordance with paragraph (2)); multiplied by","tail":"\n"}],"tail":"\n"},{"t":"clause","id":"/us/usc/t20/s1087oo/d/1/A/ii","children":[{"t":"num","text":"(ii)"},{"t":"content","text":" 12 percent.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t20/s1087oo/d/1/B","children":[{"t":"num","text":"(B)"},{"t":"heading","text":"Not less than zero"},{"t":"content","children":[{"t":"p","text":"The parents\u2019 available assets under this subsection shall not be less than zero.","tail":"\n"}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t20/s1087oo/d/2","children":[{"t":"num","text":"(2)"},{"t":"heading","text":"Asset protection allowance"},{"t":"content","children":[{"t":"p","text":"The asset protection allowance is calculated based on the following table (as revised by the Secretary pursuant to ","children":[{"t":"ref","text":"section 10877rr(d) of this title","href":"/us/usc/t20/s10877rr/d","tail":"):"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"p","text":"Asset Protection Allowances for Parents of Dependent Students"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"p","text":"If the age of the oldest parent is\u2014"},{"t":"p","text":"And there are"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"p","text":"two parents"},{"t":"p","text":"one parent"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"p","text":"\u2001"},{"t":"p","text":"then the allowance is\u2014"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"25 or less"}]},{"t":"p","text":"\u2000$\u2001\u20000"},{"t":"p","text":"\u2001\u2000\u2000$0"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"26"}]},{"t":"p","text":"\u2001$400"},{"t":"p","text":"\u2001$100"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"27"}]},{"t":"p","text":"\u2001$700"},{"t":"p","text":"\u2001$300"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"28"}]},{"t":"p","text":"\u2000$1,100"},{"t":"p","text":"\u2001$400"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"29"}]},{"t":"p","text":"\u2000$1,500"},{"t":"p","text":"\u2001$600"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"30"}]},{"t":"p","text":"\u2000$1,800"},{"t":"p","text":"\u2001$700"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"31"}]},{"t":"p","text":"\u2000$2,200"},{"t":"p","text":"\u2001$800"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"32"}]},{"t":"p","text":"\u2000$2,600"},{"t":"p","text":"\u2000$1,000"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"33"}]},{"t":"p","text":"\u2000$2,900"},{"t":"p","text":"\u2000$1,100"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"34"}]},{"t":"p","text":"\u2000$3,300"},{"t":"p","text":"\u2000$1,300"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"35"}]},{"t":"p","text":"\u2000$3,700"},{"t":"p","text":"\u2000$1,400"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"36"}]},{"t":"p","text":"\u2000$4,000"},{"t":"p","text":"\u2000$1,500"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"37"}]},{"t":"p","text":"\u2000$4,400"},{"t":"p","text":"\u2000$1,700"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"38"}]},{"t":"p","text":"\u2000$4,800"},{"t":"p","text":"\u2000$1,800"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"39"}]},{"t":"p","text":"\u2000$5,100"},{"t":"p","text":"\u2000$2,000"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"40"}]},{"t":"p","text":"\u2000$5,500"},{"t":"p","text":"\u2000$2,100"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"41"}]},{"t":"p","text":"\u2000$5,600"},{"t":"p","text":"\u2000$2,200"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"42"}]},{"t":"p","text":"\u2000$5,700"},{"t":"p","text":"\u2000$2,200"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"43"}]},{"t":"p","text":"\u2000$5,900"},{"t":"p","text":"\u2000$2,300"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"44"}]},{"t":"p","text":"\u2000$6,000"},{"t":"p","text":"\u2000$2,300"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"45"}]},{"t":"p","text":"\u2000$6,200"},{"t":"p","text":"\u2000$2,400"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"46"}]},{"t":"p","text":"\u2000$6,300"},{"t":"p","text":"\u2000$2,400"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"47"}]},{"t":"p","text":"\u2000$6,500"},{"t":"p","text":"\u2000$2,500"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"48"}]},{"t":"p","text":"\u2000$6,600"},{"t":"p","text":"\u2000$2,500"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"49"}]},{"t":"p","text":"\u2000$6,800"},{"t":"p","text":"\u2000$2,600"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"50"}]},{"t":"p","text":"\u2000$7,000"},{"t":"p","text":"\u2000$2,700"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"51"}]},{"t":"p","text":"\u2000$7,100"},{"t":"p","text":"\u2000$2,700"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"52"}]},{"t":"p","text":"\u2000$7,300"},{"t":"p","text":"\u2000$2,800"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"53"}]},{"t":"p","text":"\u2000$7,500"},{"t":"p","text":"\u2000$2,900"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"54"}]},{"t":"p","text":"\u2000$7,700"},{"t":"p","text":"\u2000$2,900"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"55"}]},{"t":"p","text":"\u2000$7,900"},{"t":"p","text":"\u2000$3,000"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"56"}]},{"t":"p","text":"\u2000$8,100"},{"t":"p","text":"\u2000$3,100"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"57"}]},{"t":"p","text":"\u2000$8,400"},{"t":"p","text":"\u2000$3,100"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"58"}]},{"t":"p","text":"\u2000$8,600"},{"t":"p","text":"\u2000$3,200"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"59"}]},{"t":"p","text":"\u2000$8,800"},{"t":"p","text":"\u2000$3,300"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"60"}]},{"t":"p","text":"\u2000$9,100"},{"t":"p","text":"\u2000$3,400"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"61"}]},{"t":"p","text":"\u2000$9,300"},{"t":"p","text":"\u2000$3,500"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"62"}]},{"t":"p","text":"\u2000$9,600"},{"t":"p","text":"\u2000$3,600"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"63"}]},{"t":"p","text":"\u2000$9,900"},{"t":"p","text":"\u2000$3,700"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"64"}]},{"t":"p","text":"$10,200"},{"t":"p","text":"\u2000$3,800"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"65 or more"}]},{"t":"p","text":"$10,500"},{"t":"p","text":"\u2000$3,900."},{"t":"text","text":"\n"},{"t":"text","text":"\n","tail":"\n"}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t20/s1087oo/e","children":[{"t":"num","text":"(e)"},{"t":"heading","text":"Assessment schedule"},{"t":"content","children":[{"t":"p","text":"The assessment of the parents\u2019 adjusted available income (as determined under subsection (b)(1) and hereafter in this subsection referred to as \u201cAAI\u201d) is calculated based on the following table (as revised by the Secretary pursuant to ","children":[{"t":"ref","text":"section 1087rr(e) of this title","href":"/us/usc/t20/s1087rr/e","tail":"):"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"p","text":"Parents\u2019 Contribution From AAI"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"p","text":"If the parents\u2019 AAI is\u2014"},{"t":"p","text":"Then the parents\u2019 contribution from AAI is\u2014"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"Less than \u2212\u202f$6,820"}]},{"t":"p","text":"\u2212\u202f$1,500"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":"\u2212\u202f$6,820 to $17,400"}]},{"t":"p","text":"22% of AAI"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":" $17,401 to $21,800"}]},{"t":"p","text":"$3,828 + 25% of AAI over $17,400"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":" $21,801 to $26,200"}]},{"t":"p","text":"$4,928 + 29% of AAI over $21,800"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":" $26,201 to $30,700"}]},{"t":"p","text":"$6,204 + 34% of AAI over $26,200"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":" $30,701 to $35,100"}]},{"t":"p","text":"$7,734 + 40% of AAI over $30,700"},{"t":"text","text":"\n"},{"t":"p","children":[{"t":"text","text":" $35,101 or more"}]},{"t":"p","text":"$9,494 + 47% of AAI over $35,100."},{"t":"text","text":"\n"},{"t":"text","text":"\n","tail":"\n"}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t20/s1087oo/f","children":[{"t":"num","text":"(f)"},{"t":"heading","text":"Consideration of parental income"},{"t":"para","id":"/us/usc/t20/s1087oo/f/1","children":[{"t":"num","text":"(1)"},{"t":"heading","text":"Parents who live together"},{"t":"content","children":[{"t":"p","text":"Parental income and assets in the case of student whose parents are married and not separated, or who are unmarried but live together, shall include the income and assets of both parents.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t20/s1087oo/f/2","children":[{"t":"num","text":"(2)"},{"t":"heading","text":"Divorced or separated parents"},{"t":"content","children":[{"t":"p","text":"Parental income and assets for a student whose parents are divorced or separated, but not remarried, is determined by including only the income and assets of the parent who provides the greater portion of the student\u2019s financial support.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t20/s1087oo/f/3","children":[{"t":"num","text":"(3)"},{"t":"heading","text":"Death of a parent"},{"t":"chapeau","text":"Parental income and assets in the case of the death of any parent is determined as follows:"},{"t":"subpara","id":"/us/usc/t20/s1087oo/f/3/A","children":[{"t":"num","text":"(A)"},{"t":"content","text":" If either of the parents has died, the surviving parent shall be considered a single parent, until that parent has remarried.","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t20/s1087oo/f/3/B","children":[{"t":"num","text":"(B)"},{"t":"content","text":" If both parents have died, the student shall not report any parental income or assets.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t20/s1087oo/f/4","children":[{"t":"num","text":"(4)"},{"t":"heading","text":"Remarried parents"},{"t":"content","children":[{"t":"p","text":"If a parent whose income and assets are taken into account under paragraph (2), or if a parent who is a widow or widower and whose income is taken into account under paragraph (3), has remarried, the income of that parent\u2019s spouse shall be included in determining the parent\u2019s assessment of adjusted available income if the student\u2019s parent and the stepparent are married as of the date of application for the award year concerned.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t20/s1087oo/f/5","children":[{"t":"num","text":"(5)"},{"t":"heading","text":"Single parent who is not divorced or separated"},{"t":"content","children":[{"t":"p","text":"Parental income and assets in the case of a student whose parent is not described in paragraph (1) and is a single parent who is not divorced, separated, or remarried, shall include the income and assets of such single parent.","tail":"\n"}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t20/s1087oo/g","children":[{"t":"num","text":"(g)"},{"t":"heading","text":"Student\u2019s available income"},{"t":"para","id":"/us/usc/t20/s1087oo/g/1","children":[{"t":"num","text":"(1)"},{"t":"heading","text":"In general"},{"t":"chapeau","text":"The student\u2019s available income is equal to\u2014"},{"t":"subpara","id":"/us/usc/t20/s1087oo/g/1/A","children":[{"t":"num","text":"(A)"},{"t":"content","text":" the difference between the student\u2019s total income (determined in accordance with section 480) and the adjustment to student income (determined in accordance with paragraph (2)); multiplied by","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t20/s1087oo/g/1/B","children":[{"t":"num","text":"(B)"},{"t":"content","text":" 50 percent,","tail":"\n"}],"tail":"\n\n"},{"t":"continuation","text":"except that the amount determined under this paragraph shall not be less than \u2212\u202f$1,500 for award year 2024\u20132025 and not less than zero for award year 2025\u20132026 and each award year thereafter.","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t20/s1087oo/g/2","children":[{"t":"num","text":"(2)"},{"t":"heading","text":"Adjustment to student income"},{"t":"chapeau","text":"The adjustment to student income is equal to the sum of\u2014"},{"t":"subpara","id":"/us/usc/t20/s1087oo/g/2/A","children":[{"t":"num","text":"(A)"},{"t":"content","text":" Federal income taxes;","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t20/s1087oo/g/2/B","children":[{"t":"num","text":"(B)"},{"t":"content","text":" an allowance for payroll taxes determined in accordance with paragraph (3);","tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t20/s1087oo/g/2/C","children":[{"t":"num","text":"(C)"},{"t":"content","text":" an income protection allowance that is equal to $9,410, as adjusted pursuant to ","children":[{"t":"ref","text":"section 1087rr(b) of this title","href":"/us/usc/t20/s1087rr/b","tail":"; and"}],"tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t20/s1087oo/g/2/D","children":[{"t":"num","text":"(D)"},{"t":"content","text":" an allowance for parents\u2019 negative available income, determined in accordance with paragraph (4).","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t20/s1087oo/g/3","children":[{"t":"num","text":"(3)"},{"t":"heading","text":"Allowance for payroll taxes"},{"t":"chapeau","text":"The allowance for payroll taxes is equal to the sum of\u2014"},{"t":"subpara","id":"/us/usc/t20/s1087oo/g/3/A","children":[{"t":"num","text":"(A)"},{"t":"content","text":" the total amount earned by the student, multiplied by the rate of tax under ","children":[{"t":"ref","text":"section 3101(b) of title 26","href":"/us/usc/t26/s3101/b","tail":"; and"}],"tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t20/s1087oo/g/3/B","children":[{"t":"num","text":"(B)"},{"t":"content","text":" the amount earned by the student that does not exceed such contribution and benefit base for the year of the earnings, multiplied by the rate of tax applicable to such earnings under ","children":[{"t":"ref","text":"section 3101(a) of title 26","href":"/us/usc/t26/s3101/a","tail":"."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t20/s1087oo/g/4","children":[{"t":"num","text":"(4)"},{"t":"heading","text":"Allowance for parents\u2019 negative available income"},{"t":"content","children":[{"t":"p","text":"The allowance for parents\u2019 negative available income is the amount, if any, by which the sum of the amounts deducted under subsection (c)(1) exceeds the sum of the parents\u2019 total income (as defined in ","children":[{"t":"ref","text":"section 1087vv of this title","href":"/us/usc/t20/s1087vv","tail":") and the parents\u2019 available assets (as determined in accordance with subsection (d))."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t20/s1087oo/h","children":[{"t":"num","text":"(h)"},{"t":"heading","text":"Student\u2019s assets"},{"t":"content","children":[{"t":"p","text":"The student\u2019s assets are determined by calculating the assets of the student and multiplying such amount by 20 percent, except that the result shall not be less than zero.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}