Federal Pell Grant, Federal Perkins Loan, Federal Work-Study, Federal Supplemental Educational Opportunity Grant, Federal Family Education Loan, and William D. Ford Federal Direct Loan Programs, 30425-30429 [05-10584]
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Federal Register / Vol. 70, No. 101 / Thursday, May 26, 2005 / Notices
Dated: May 23, 2005.
Angela C. Arrington,
Leader, Information Management Case
Services Team, Regulatory Information
Management Services, Office of the Chief
Information Officer.
DEPARTMENT OF EDUCATION
Notice of Proposed Information
Collection Requests
AGENCY:
Department of Education.
The Leader, Information
Management Case Services Team,
Regulatory Information Management
Services, Office of the Chief Information
Officer, invites comments on the
proposed information collection
requests as required by the Paperwork
Reduction Act of 1995.
SUMMARY:
Interested persons are invited to
submit comments on or before July 25,
2005.
DATES:
Section
3506 of the Paperwork Reduction Act of
1995 (44 U.S.C. Chapter 35) requires
that the Office of Management and
Budget (OMB) provide interested
Federal agencies and the public an early
opportunity to comment on information
collection requests. OMB may amend or
waive the requirement for public
consultation to the extent that public
participation in the approval process
would defeat the purpose of the
information collection, violate State or
Federal law, or substantially interfere
with any agency’s ability to perform its
statutory obligations. The Leader,
Information Management Case Services
Team, Regulatory Information
Management Services, Office of the
Chief Information Officer, publishes that
notice containing proposed information
collection requests prior to submission
of these requests to OMB. Each
proposed information collection,
grouped by office, contains the
following: (1) Type of review requested,
e.g. new, revision, extension, existing or
reinstatement; (2) title; (3) summary of
the collection; (4) description of the
need for, and proposed use of, the
information; (5) respondents and
frequency of collection; and (6)
reporting and/or recordkeeping burden.
OMB invites public comment.
The Department of Education is
especially interested in public comment
addressing the following issues: (1) Is
this collection necessary to the proper
functions of the Department; (2) will
this information be processed and used
in a timely manner; (3) is the estimate
of burden accurate; (4) how might the
Department enhance the quality, utility,
and clarity of the information to be
collected; and (5) how might the
Department minimize the burden of this
collection on the respondents, including
through the use of information
technology.
SUPPLEMENTARY INFORMATION:
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19:11 May 25, 2005
Jkt 205001
Institute of Education Sciences
Type of Review: Reinstatement.
Title: Field Test Activities in 2005/
2006 for the 2007–08 Schools and
Staffing Survey and the 2008–09
Teacher Follow-up Survey Procedures.
Frequency: One time.
Affected Public: State, local, or tribal
gov’t, SEAs or LEAs; businesses or other
for-profit; not-for-profit institutions.
Reporting and Recordkeeping Hour
Burden:
Responses: 7,229.
Burden Hours: 5,058.
Abstract: The National Center for
Education Statistics (NCES) will use the
field test to assess data collection
procedures that are planned for the next
full-scale Schools and Staffing Survey
(SASS) and Teacher Follow-up Survey
(TFS). Policymakers, researchers and
practitioners at the national, state and
local levels use SASS data which are
representative at the national and state
levels. Respondents include public and
private school principals, teachers and
school and local educational agencies
(LEA) staff persons.
Requests for copies of the proposed
information collection request may be
accessed from https://edicsweb.ed.gov,
by selecting the ‘‘Browse Pending
Collections’’ link and by clicking on
link number 2781. When you access the
information collection, click on
‘‘Download Attachments’’ to view.
Written requests for information should
be addressed to U.S. Department of
Education, 400 Maryland Avenue, SW.,
Potomac Center, 9th Floor, Washington,
DC 20202–4700. Requests may also be
electronically mailed to the Internet
address OCIO_RIMG@ed.gov or faxed to
202–245–6621. Please specify the
complete title of the information
collection when making your request.
Comments regarding burden and/or
the collection activity requirements
should be directed to Kathy Axt at her
e-mail address Kathy.Axt@ed.gov.
Individuals who use a
telecommunications device for the deaf
(TDD) may call the Federal Information
Relay Service (FIRS) at 1–800–877–
8339.
[FR Doc. 05–10546 Filed 5–25–05; 8:45 am]
BILLING CODE 4000–01–P
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30425
DEPARTMENT OF EDUCATION
Federal Pell Grant, Federal Perkins
Loan, Federal Work-Study, Federal
Supplemental Educational Opportunity
Grant, Federal Family Education Loan,
and William D. Ford Federal Direct
Loan Programs
Federal Student Aid,
Department of Education.
ACTION: Notice of revision of the Federal
Need Analysis Methodology for the
2006–2007 award year.
AGENCY:
SUMMARY: The Secretary of Education
announces the annual updates to the
tables that will be used in the statutory
‘‘Federal Need Analysis Methodology’’
to determine a student’s expected family
contribution (EFC) for award year 2006–
2007 under Part F of Title IV of the
Higher Education Act of 1965, as
amended (HEA). An EFC is the amount
a student and his or her family may
reasonably be expected to contribute
toward the student’s postsecondary
educational costs for purposes of
determining financial aid eligibility.
The Part F Programs include the Federal
Pell Grant, campus-based (Federal
Perkins Loan, Federal Work-Study, and
Federal Supplemental Educational
Opportunity Grant Programs), Federal
Family Education Loan, and William D.
Ford Federal Direct Loan Programs
(Title IV, HEA Programs).
FOR FURTHER INFORMATION CONTACT: Ms.
Marya Dennis, Management and
Program Analyst, U.S. Department of
Education, Union Center Plaza, 830
First Street, NE., Washington, DC 20202.
Telephone: (202) 377–3385. If you use a
telecommunications device for the deaf
(TDD), you may call the Federal Relay
Service (FRS) at 1–800–877–8339.
Individuals with disabilities may
obtain this document in an alternative
format (e.g., Braille, large print,
audiotape or computer diskette) on
request to the contact person listed in
the preceding paragraph.
SUPPLEMENTARY INFORMATION: Part F of
Title IV of the HEA specifies the criteria,
data elements, calculations, and tables
used in the Federal Need Analysis
Methodology EFC calculations.
Section 478 of Part F of the HEA
requires the Secretary to adjust four of
the tables—the Income Protection
Allowance, the Adjusted Net Worth of
a Business or Farm, the Education
Savings and Asset Protection
Allowance, and the Assessment
Schedules and Rates—each award year
to take into account inflation. The
changes are based, in general, upon
increases in the Consumer Price Index.
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30426
Federal Register / Vol. 70, No. 101 / Thursday, May 26, 2005 / Notices
For the award year 2006–2007 the
Secretary is charged with updating the
Income Protection Allowance, Adjusted
Net Worth of a Business or Farm, and
the Assessment Schedules and Rates to
account for inflation that took place
between December 2004 and December
2005. However, since the Secretary must
publish these tables before December
2005, the increases in the tables must be
based upon a percentage equal to the
estimated percentage increase in the
Consumer Price Index for all urban
consumers for 2004. The Secretary
estimates that the increase in the
Consumer Price Index for all urban
consumers for the period December
2004 through December 2005 will be 2.3
percent. The updated tables are in
sections 1, 2, and 4 of this notice.
The Secretary must also revise, for
each award year, the table on asset
protection allowance as provided for in
section 478(d) of the HEA. The
Education Savings and Asset Protection
Allowance table for the award year
2006–2007 has been updated in section
3 of this notice. Section 478(h) of the
HEA also requires the Secretary to
increase the amount specified for the
Employment Expense Allowance to
account for inflation based upon
increases in the Bureau of Labor
Statistics budget of the marginal costs
for a two-worker compared to a oneworker family for meals away from
home, apparel and upkeep,
transportation, and housekeeping
services. The Employment Expense
Allowance table for the award year
2006–2007 has been updated in section
5 of this notice.
The HEA provides for the following
annual updates:
1. Income Protection Allowance. This
allowance is the amount of living
expenses associated with the
maintenance of an individual or family
that may be offset against the family’s
income. It varies by family size. The
income protection allowance for the
dependent student is $2,550. The
income protection allowances for
parents of dependent students and
independent students with dependents
other than a spouse for award year
2006–2007 are:
Number in college
Family size
1
2
3
4
5
6
...............................................................................................................
...............................................................................................................
...............................................................................................................
...............................................................................................................
...............................................................................................................
For each additional family member
add $3,460.
For each additional college student
subtract $2,460.
The income protection allowances for
single independent students and
independent students without
dependents other than a spouse for
award year 2006–2007 are:
2
$14,430
17,970
22,200
26,190
30,640
3
5
....................
$13,050
17,270
21,270
25,710
$11,960
15,520
19,730
23,720
28,170
4
....................
....................
$14,800
18,800
23,240
....................
....................
$16,340
20,790
income produced from these assets is
already assessed in another part of the
formula; and (2) the formula protects a
portion of the value of the assets. The
Single ................................
1 $5,790
Married ..............................
2
5,790 portion of these assets included in the
Married ..............................
1
9,260 contribution calculation is computed
according to the following schedule.
This schedule is used for parents of
2. Adjusted Net Worth (NW) of a
dependent students, independent
Business or Farm. A portion of the full
students without dependents other than
net value of a farm or business is
excluded from the calculation of an
a spouse, and independent students
expected contribution since—(1) The
with dependents other than a spouse.
Number in
college
Marital status
IPA
If the net worth of a business or farm is—
Then the adjusted net worth is—
Less than $1 .............................................................................................
$1 to $105,000 .........................................................................................
$105,001 to $310,000 ..............................................................................
$310,001 to $515,000 ..............................................................................
$515,001 or more .....................................................................................
$0
$0 + 40% of NW.
$42,000 + 50% of NW over $105,000.
$144,500 + 60% of NW over $310,000.
$267,500 + 100% of NW over $515,000.
3. Education Savings and Asset
Protection Allowance. 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 without
dependents other than a spouse, and
one for independent students with
dependents other than a spouse.
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Jkt 205001
Dependent students
Dependent students
and there are
If the age of the
older parent is—
two one
parents
and there are
one parent
then the education savings
and asset protection allowance is—
25
26
27
28
29
30
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or less ..........
......................
......................
......................
......................
......................
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0
2,600
5,200
7,800
10,500
13,100
Sfmt 4703
0
1,200
2,400
3,600
4,800
6,000
If the age of the
older parent is—
31
32
33
34
35
36
37
38
39
40
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
E:\FR\FM\26MYN1.SGM
26MYN1
two one
parents
15,700
18,300
20,900
23,500
26,100
28,700
31,400
34,000
36,600
39,200
one parent
7,200
8,400
9,600
10,800
12,000
13,200
14,400
15,600
16,800
18,000
30427
Federal Register / Vol. 70, No. 101 / Thursday, May 26, 2005 / Notices
Dependent students
Independent students without dependents
other than a spouse
Independent students with dependents other
than a spouse
and there are
If the age of the
older parent is—
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
or older ........
two one
parents
one parent
40,200
41,200
42,200
43,200
44,300
45,400
46,600
47,700
48,900
50,100
51,600
52,900
54,500
55,800
57,500
58,900
60,600
62,400
64,200
66,100
68,000
70,000
72,300
74,400
76,900
18,400
18,800
19,200
19,700
20,100
20,600
21,000
21,500
22,100
22,600
23,000
23,600
24,100
24,800
25,400
26,000
26,600
27,400
28,000
28,800
29,500
30,300
31,100
32,000
32,900
Independent students without dependents
other than a spouse
If the age of the
student is—
and they are
married
single
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
or less ..........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
0
2,600
5,200
7,800
10,500
13,100
15,700
18,300
20,900
23,500
26,100
28,700
31,400
34,000
36,600
0
1,200
2,400
3,600
4,800
6,000
7,200
8,400
9,600
10,800
12,000
13,200
14,400
15,600
16,800
married
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
or older ........
If the age of the
student is—
single
39,200
40,200
41,200
42,200
43,200
44,300
45,400
46,600
47,700
48,900
50,100
51,600
52,900
54,500
55,800
57,500
58,900
60,600
62,400
64,200
66,100
68,000
70,000
72,300
74,400
76,900
18,000
18,400
18,800
19,200
19,700
20,100
20,600
21,000
21,500
22,100
22,600
23,000
23,600
24,100
24,800
25,400
26,000
26,600
27,400
28,000
28,800
29,500
30,300
31,100
32,000
32,900
Independent students with dependents other
than a spouse
and they are
If the age of the
student is—
then the education savings
and asset protection allowance is—
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
and they are
If the age of the
student is—
married
single
then the education savings
and asset protection allowance is—
25
26
27
28
29
30
31
32
33
34
35
36
37
38
or less ..........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
0
2,600
5,200
7,800
10,500
13,100
15,700
18,300
20,900
23,500
26,100
28,700
31,400
34,000
0
1,200
2,400
3,600
4,800
6,000
7,200
8,400
9,600
10,800
12,000
13,200
14,400
15,600
If AAI is—
¥$750
¥22% of AAI.
$2,838 + 25% of
$3,663 + 29% of
$4,620 + 34% of
$5,742 + 40% of
$7,062 + 47% of
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
or older ........
The contribution for an independent
student with dependents other than a
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AAI
AAI
AAI
AAI
AAI
over
over
over
over
over
$12,900.
$16,200.
$19,500.
$22,800.
$26,100.
spouse is computed according to the
following schedule:
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married
36,600
39,200
40,200
41,200
42,200
43,200
44,300
45,400
46,600
47,700
48,900
50,100
51,600
52,900
54,500
55,800
57,500
58,900
60,600
62,400
64,200
66,100
68,000
70,000
72,300
74,400
76,900
single
16,800
18,000
18,400
18,800
19,200
19,700
20,100
20,600
21,000
21,500
22,100
22,600
23,000
23,600
24,100
24,800
25,400
26,000
26,600
27,400
28,000
28,800
29,500
30,300
31,100
32,000
32,900
4. Assessment Schedules and Rates.
Two schedules that are subject to
updates, one for parents of dependent
students and one for independent
students with dependents other than a
spouse, are used to determine the EFC
toward educational expenses from
family financial resources. For
dependent students, the EFC is derived
from an assessment of the parents’
adjusted available income (AAI). For
independent students with dependents
other than a spouse, the EFC is derived
from an assessment of the family’s AAI.
The AAI represents a measure of a
family’s financial strength, which
considers both income and assets.
The parents’ contribution for a
dependent student is computed
according to the following schedule:
Then the contribution is—
Less than ¥$3,409 ........................................................................
¥$3,409 to $12,900 .......................................................................
$12,901 to $16,200 ........................................................................
$16,201 to $19,500 ........................................................................
$19,501 to $22,800 ........................................................................
$22,801 to $26,100 ........................................................................
$26,101 or more .............................................................................
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
and they are
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Federal Register / Vol. 70, No. 101 / Thursday, May 26, 2005 / Notices
If AAI is—
Then the contribution is—
Less than ¥$3,409 ........................................................................
¥$3,409 to $12,900 .......................................................................
$12,901 to $16,200 ........................................................................
$16,201 to $19,500 ........................................................................
$19,501 to $22,800 ........................................................................
$22,801 to $26,100 ........................................................................
$26,101 or more .............................................................................
¥$750
22% of AAI.
$2,838 +25% of AAI over $12,900.
$3,663+29% of AAI over $16,200.
$4,620+34% of AAI over $19,500.
$5,742+40% of AAI over $22,800.
$7,062+47% of AAI over $26,100.
5. Employment Expense Allowance.
This allowance for employment-related
expenses, which is used for the parents
of dependent students and for married
independent students, recognizes
additional expenses incurred by
working spouses and single-parent
households. The allowance is based
upon the marginal differences in costs
for a two-worker family compared to a
one-worker family for meals away from
home, apparel and upkeep,
transportation, and housekeeping
services.
The employment expense allowance
for parents of dependent students,
married independent students without
dependents other than a spouse, and
independent students with dependents
other than a spouse is the lesser of
$3,100 or 35 percent of earned income.
6. Allowance for State and Other
Taxes. The allowance for State and
other taxes protects a portion of the
parents’ and students’ income from
being considered available for
postsecondary educational expenses.
There are four tables for State and other
taxes, one each for parents of dependent
students, independent students with
dependents other than a spouse,
dependent students, and independent
students without dependents other than
a spouse. Section 478(g) of part F of the
HEA directs the Secretary to update the
tables for State and other taxes after
reviewing the Statistics of Income file
data. Also, a provision in the
Consolidated Appropriations Act, 2004
(Pub. L. 108–199), directs the Advisory
Committee on Student Financial
Assistance to examine the efficiency,
effectiveness and fairness of the current
procedures to update formula offsets
and allowances. The Secretary
considered the preliminary findings of
this analysis as she reviewed the
Statistics of Income file data.
Parents of dependents and independents with dependents other than a
spouse
State
Under $15,000
Dependents and
independents
without dependents other than a
spouse
$15,000 & up
All
Alabama .....................................................................................................................
Alaska ........................................................................................................................
Arizona .......................................................................................................................
Arkansas ....................................................................................................................
California ....................................................................................................................
Colorado ....................................................................................................................
Connecticut ................................................................................................................
Delaware ....................................................................................................................
District of Columbia ...................................................................................................
Florida ........................................................................................................................
Georgia ......................................................................................................................
Hawaii ........................................................................................................................
Idaho ..........................................................................................................................
Illinois .........................................................................................................................
Indiana .......................................................................................................................
Iowa ...........................................................................................................................
Kansas .......................................................................................................................
Kentucky ....................................................................................................................
Louisiana ....................................................................................................................
Maine .........................................................................................................................
Maryland ....................................................................................................................
Massachusetts ...........................................................................................................
Michigan .....................................................................................................................
Minnesota ..................................................................................................................
Mississippi ..................................................................................................................
Missouri ......................................................................................................................
Montana .....................................................................................................................
Nebraska ....................................................................................................................
Nevada .......................................................................................................................
New Hampshire .........................................................................................................
New Jersey ................................................................................................................
New Mexico ...............................................................................................................
New York ...................................................................................................................
North Carolina ............................................................................................................
North Dakota ..............................................................................................................
Ohio ...........................................................................................................................
Oklahoma ...................................................................................................................
Oregon .......................................................................................................................
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30429
Federal Register / Vol. 70, No. 101 / Thursday, May 26, 2005 / Notices
Parents of dependents and independents with dependents other than a
spouse
State
Under $15,000
Dependents and
independents
without dependents other than a
spouse
$15,000 & up
All
Pennsylvania ..............................................................................................................
Rhode Island ..............................................................................................................
South Carolina ...........................................................................................................
South Dakota .............................................................................................................
Tennessee .................................................................................................................
Texas .........................................................................................................................
Utah ...........................................................................................................................
Vermont .....................................................................................................................
Virginia .......................................................................................................................
Washington ................................................................................................................
West Virginia ..............................................................................................................
Wisconsin ...................................................................................................................
Wyoming ....................................................................................................................
Other ..........................................................................................................................
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888–293–6498; or in the Washington,
DC area at (202) 512–1530.
Note: 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 on GPO
Access at: https://www.gpoaccess.gov/nara/
index.html.
(Catalog of Federal Domestic Assistance
Numbers: 84.007 Federal Supplemental
Educational Opportunity Grant; 84.032
Federal Family Education Loan Program;
84.033 Federal Work-Study Program; 84.038
Federal Perkins Loan Program; 84.063
Federal Pell Grant Program; 84.268 William
D. Ford Federal Direct Loan Program)
Dated: May 23, 2005.
Theresa S. Shaw,
Chief Operating Officer, Federal Student Aid.
[FR Doc. 05–10584 Filed 5–25–05; 8:45 am]
BILLING CODE 4000–01–P
VerDate jul<14>2003
19:11 May 25, 2005
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DEPARTMENT OF ENERGY
Federal Energy Regulatory
Commission
[Docket No. RP97–13–019]
East Tennessee Natural Gas, LLC;
Notice of Complaince Filing
May 20, 2005.
Take notice that, on May 17, 2005,
East Tennessee Natural Gas, LLC (East
Tennessee) submitted a compliance
filing pursuant to the Commission’s
November 26, 2004 Order in the abovecaptioned docket.
East Tennessee states that copies of
the filing were served on parties on the
official service list in the abovecaptioned proceeding, as well as all
customers and interested state
commissions.
Any person desiring to protest this
filing must file in accordance with Rule
211 of the Commission’s Rules of
Practice and Procedure (18 CFR
385.211). Protests to this filing will be
considered by the Commission in
determining the appropriate action to be
taken, but will not serve to make
protestants parties to the proceeding.
Such protests must be filed in
accordance with the provisions of
Section 154.210 of the Commission’s
regulations (18 CFR 154.210). Anyone
filing a protest must serve a copy of that
document on all the parties to the
proceeding.
The Commission encourages
electronic submission of protests in lieu
of paper using the ‘‘eFiling’’ link at
https://www.ferc.gov. Persons unable to
file electronically should submit an
original and 14 copies of the protest to
the Federal Energy Regulatory
Commission, 888 First Street, NE.,
Washington, DC 20426.
PO 00000
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This filing is accessible on-line at
https://www.ferc.gov, using the
‘‘eLibrary’’ link and is available for
review in the Commission’s Public
Reference Room in Washington, DC.
There is an ‘‘eSubscription’’ link on the
Web site that enables subscribers to
receive e-mail notification when a
document is added to a subscribed
docket(s). For assistance with any FERC
Online service, please e-mail
FERCOnlineSupport@ferc.gov, or call
(866) 208–3676 (toll free). For TTY, call
(202) 502–8659.
Linda Mitry,
Deputy Secretary.
[FR Doc. E5–2669 Filed 5–25–05; 8:45 am]
BILLING CODE 6717–01–P
DEPARTMENT OF ENERGY
Federal Energy Regulatory
Commission
[Docket No. RP04–251–006 and RP04–248–
006]
El Paso Natural Gas Company; Notice
of Report Filing
May 20, 2005.
Take notice that on May 17, 2005, El
Paso Natural Gas Company (EPNG)
submitted a presentation entitled ‘‘Path
Allocation of Firm Entitlements’’ as part
of the above listed proceedings.
EPNG states that the presentation was
made at a May 10, 2005 customer
meeting and copies of the report were
served on parties on the official service.
Any person desiring to protest this
filing must file in accordance with Rule
211 of the Commission’s Rules of
Practice and Procedure (18 CFR
385.211). Protests to this filing will be
considered by the Commission in
E:\FR\FM\26MYN1.SGM
26MYN1
]]>Agencies
[Federal Register Volume 70, Number 101 (Thursday, May 26, 2005)]
[Notices]
[Pages 30425-30429]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-10584]
-----------------------------------------------------------------------
DEPARTMENT OF EDUCATION
Federal Pell Grant, Federal Perkins Loan, Federal Work-Study,
Federal Supplemental Educational Opportunity Grant, Federal Family
Education Loan, and William D. Ford Federal Direct Loan Programs
AGENCY: Federal Student Aid, Department of Education.
ACTION: Notice of revision of the Federal Need Analysis Methodology for
the 2006-2007 award year.
-----------------------------------------------------------------------
SUMMARY: The Secretary of Education announces the annual updates to the
tables that will be used in the statutory ``Federal Need Analysis
Methodology'' to determine a student's expected family contribution
(EFC) for award year 2006-2007 under Part F of Title IV of the Higher
Education Act of 1965, as amended (HEA). An EFC is the amount a student
and his or her family may reasonably be expected to contribute toward
the student's postsecondary educational costs for purposes of
determining financial aid eligibility. The Part F Programs include the
Federal Pell Grant, campus-based (Federal Perkins Loan, Federal Work-
Study, and Federal Supplemental Educational Opportunity Grant
Programs), Federal Family Education Loan, and William D. Ford Federal
Direct Loan Programs (Title IV, HEA Programs).
FOR FURTHER INFORMATION CONTACT: Ms. Marya Dennis, Management and
Program Analyst, U.S. Department of Education, Union Center Plaza, 830
First Street, NE., Washington, DC 20202. Telephone: (202) 377-3385. If
you use a telecommunications device for the deaf (TDD), you may call
the Federal Relay Service (FRS) at 1-800-877-8339.
Individuals with disabilities may obtain this document in an
alternative format (e.g., Braille, large print, audiotape or computer
diskette) on request to the contact person listed in the preceding
paragraph.
SUPPLEMENTARY INFORMATION: Part F of Title IV of the HEA specifies the
criteria, data elements, calculations, and tables used in the Federal
Need Analysis Methodology EFC calculations.
Section 478 of Part F of the HEA requires the Secretary to adjust
four of the tables--the Income Protection Allowance, the Adjusted Net
Worth of a Business or Farm, the Education Savings and Asset Protection
Allowance, and the Assessment Schedules and Rates--each award year to
take into account inflation. The changes are based, in general, upon
increases in the Consumer Price Index.
[[Page 30426]]
For the award year 2006-2007 the Secretary is charged with updating
the Income Protection Allowance, Adjusted Net Worth of a Business or
Farm, and the Assessment Schedules and Rates to account for inflation
that took place between December 2004 and December 2005. However, since
the Secretary must publish these tables before December 2005, the
increases in the tables must be based upon a percentage equal to the
estimated percentage increase in the Consumer Price Index for all urban
consumers for 2004. The Secretary estimates that the increase in the
Consumer Price Index for all urban consumers for the period December
2004 through December 2005 will be 2.3 percent. The updated tables are
in sections 1, 2, and 4 of this notice.
The Secretary must also revise, for each award year, the table on
asset protection allowance as provided for in section 478(d) of the
HEA. The Education Savings and Asset Protection Allowance table for the
award year 2006-2007 has been updated in section 3 of this notice.
Section 478(h) of the HEA also requires the Secretary to increase the
amount specified for the Employment Expense Allowance to account for
inflation based upon increases in the Bureau of Labor Statistics budget
of the marginal costs for a two-worker compared to a one-worker family
for meals away from home, apparel and upkeep, transportation, and
housekeeping services. The Employment Expense Allowance table for the
award year 2006-2007 has been updated in section 5 of this notice.
The HEA provides for the following annual updates:
1. Income Protection Allowance. This allowance is the amount of
living expenses associated with the maintenance of an individual or
family that may be offset against the family's income. It varies by
family size. The income protection allowance for the dependent student
is $2,550. The income protection allowances for parents of dependent
students and independent students with dependents other than a spouse
for award year 2006-2007 are:
----------------------------------------------------------------------------------------------------------------
Number in college
Family size ----------------------------------------------------------------
1 2 3 4 5
----------------------------------------------------------------------------------------------------------------
2.............................................. $14,430 $11,960 ........... ........... ...........
3.............................................. 17,970 15,520 $13,050 ........... ...........
4.............................................. 22,200 19,730 17,270 $14,800 ...........
5.............................................. 26,190 23,720 21,270 18,800 $16,340
6.............................................. 30,640 28,170 25,710 23,240 20,790
----------------------------------------------------------------------------------------------------------------
For each additional family member add $3,460.
For each additional college student subtract $2,460.
The income protection allowances for single independent students
and independent students without dependents other than a spouse for
award year 2006-2007 are:
------------------------------------------------------------------------
Number
Marital status in IPA
college
------------------------------------------------------------------------
Single................................................ 1 $5,790
Married............................................... 2 5,790
Married............................................... 1 9,260
------------------------------------------------------------------------
2. Adjusted Net Worth (NW) of a Business or Farm. A portion of the
full net value of a farm or business is excluded from the calculation
of an expected contribution since--(1) The income produced from these
assets is already assessed in another part of the formula; and (2) the
formula protects a portion of the value of the assets. The portion of
these assets included in the contribution calculation is computed
according to the following schedule. This schedule is used for parents
of dependent students, independent students without dependents other
than a spouse, and independent students with dependents other than a
spouse.
------------------------------------------------------------------------
If the net worth of a business or farm Then the adjusted net worth is--
is--
------------------------------------------------------------------------
Less than $1........................... $0
$1 to $105,000......................... $0 + 40% of NW.
$105,001 to $310,000................... $42,000 + 50% of NW over
$105,000.
$310,001 to $515,000................... $144,500 + 60% of NW over
$310,000.
$515,001 or more....................... $267,500 + 100% of NW over
$515,000.
------------------------------------------------------------------------
3. Education Savings and Asset Protection Allowance. 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 without dependents other than a
spouse, and one for independent students with dependents other than a
spouse.
------------------------------------------------------------------------
Dependent students
-------------------------------------------------------------------------
and there are
-------------------------
If the age of the older parent is-- two one
parents one parent
then the education
savings and asset
protection allowance is--
-----------------------------------------------
25 or less.................................... 0 0
26............................................ 2,600 1,200
27............................................ 5,200 2,400
28............................................ 7,800 3,600
29............................................ 10,500 4,800
30............................................ 13,100 6,000
31............................................ 15,700 7,200
32............................................ 18,300 8,400
33............................................ 20,900 9,600
34............................................ 23,500 10,800
35............................................ 26,100 12,000
36............................................ 28,700 13,200
37............................................ 31,400 14,400
38............................................ 34,000 15,600
39............................................ 36,600 16,800
40............................................ 39,200 18,000
[[Page 30427]]
41............................................ 40,200 18,400
42............................................ 41,200 18,800
43............................................ 42,200 19,200
44............................................ 43,200 19,700
45............................................ 44,300 20,100
46............................................ 45,400 20,600
47............................................ 46,600 21,000
48............................................ 47,700 21,500
49............................................ 48,900 22,100
50............................................ 50,100 22,600
51............................................ 51,600 23,000
52............................................ 52,900 23,600
53............................................ 54,500 24,100
54............................................ 55,800 24,800
55............................................ 57,500 25,400
56............................................ 58,900 26,000
57............................................ 60,600 26,600
58............................................ 62,400 27,400
59............................................ 64,200 28,000
60............................................ 66,100 28,800
61............................................ 68,000 29,500
62............................................ 70,000 30,300
63............................................ 72,300 31,100
64............................................ 74,400 32,000
65 or older................................... 76,900 32,900
------------------------------------------------------------------------
------------------------------------------------------------------------
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............................................ 2,600 1,200
27............................................ 5,200 2,400
28............................................ 7,800 3,600
29............................................ 10,500 4,800
30............................................ 13,100 6,000
31............................................ 15,700 7,200
32............................................ 18,300 8,400
33............................................ 20,900 9,600
34............................................ 23,500 10,800
35............................................ 26,100 12,000
36............................................ 28,700 13,200
37............................................ 31,400 14,400
38............................................ 34,000 15,600
39............................................ 36,600 16,800
40............................................ 39,200 18,000
41............................................ 40,200 18,400
42............................................ 41,200 18,800
43............................................ 42,200 19,200
44............................................ 43,200 19,700
45............................................ 44,300 20,100
46............................................ 45,400 20,600
47............................................ 46,600 21,000
48............................................ 47,700 21,500
49............................................ 48,900 22,100
50............................................ 50,100 22,600
51............................................ 51,600 23,000
52............................................ 52,900 23,600
53............................................ 54,500 24,100
54............................................ 55,800 24,800
55............................................ 57,500 25,400
56............................................ 58,900 26,000
57............................................ 60,600 26,600
58............................................ 62,400 27,400
59............................................ 64,200 28,000
60............................................ 66,100 28,800
61............................................ 68,000 29,500
62............................................ 70,000 30,300
63............................................ 72,300 31,100
64............................................ 74,400 32,000
65 or older................................... 76,900 32,900
------------------------------------------------------------------------
------------------------------------------------------------------------
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............................................ 2,600 1,200
27............................................ 5,200 2,400
28............................................ 7,800 3,600
29............................................ 10,500 4,800
30............................................ 13,100 6,000
31............................................ 15,700 7,200
32............................................ 18,300 8,400
33............................................ 20,900 9,600
34............................................ 23,500 10,800
35............................................ 26,100 12,000
36............................................ 28,700 13,200
37............................................ 31,400 14,400
38............................................ 34,000 15,600
39............................................ 36,600 16,800
40............................................ 39,200 18,000
41............................................ 40,200 18,400
42............................................ 41,200 18,800
43............................................ 42,200 19,200
44............................................ 43,200 19,700
45............................................ 44,300 20,100
46............................................ 45,400 20,600
47............................................ 46,600 21,000
48............................................ 47,700 21,500
49............................................ 48,900 22,100
50............................................ 50,100 22,600
51............................................ 51,600 23,000
52............................................ 52,900 23,600
53............................................ 54,500 24,100
54............................................ 55,800 24,800
55............................................ 57,500 25,400
56............................................ 58,900 26,000
57............................................ 60,600 26,600
58............................................ 62,400 27,400
59............................................ 64,200 28,000
60............................................ 66,100 28,800
61............................................ 68,000 29,500
62............................................ 70,000 30,300
63............................................ 72,300 31,100
64............................................ 74,400 32,000
65 or older................................... 76,900 32,900
------------------------------------------------------------------------
4. Assessment Schedules and Rates. Two schedules that are subject
to updates, one for parents of dependent students and one for
independent students with dependents other than a spouse, are used to
determine the EFC toward educational expenses from family financial
resources. For dependent students, the EFC is derived from an
assessment of the parents' adjusted available income (AAI). For
independent students with dependents other than a spouse, the EFC is
derived from an assessment of the family's AAI. The AAI represents a
measure of a family's financial strength, which considers both income
and assets.
The parents' contribution for a dependent student is computed
according to the following schedule:
------------------------------------------------------------------------
If AAI is-- Then the contribution is--
------------------------------------------------------------------------
Less than -$3,409.................... -$750
-$3,409 to $12,900................... -22% of AAI.
$12,901 to $16,200................... $2,838 + 25% of AAI over $12,900.
$16,201 to $19,500................... $3,663 + 29% of AAI over $16,200.
$19,501 to $22,800................... $4,620 + 34% of AAI over $19,500.
$22,801 to $26,100................... $5,742 + 40% of AAI over $22,800.
$26,101 or more...................... $7,062 + 47% of AAI over $26,100.
------------------------------------------------------------------------
The contribution for an independent student with dependents other
than a spouse is computed according to the following schedule:
[[Page 30428]]
------------------------------------------------------------------------
If AAI is-- Then the contribution is--
------------------------------------------------------------------------
Less than -$3,409.................... -$750
-$3,409 to $12,900................... 22% of AAI.
$12,901 to $16,200................... $2,838 +25% of AAI over $12,900.
$16,201 to $19,500................... $3,663+29% of AAI over $16,200.
$19,501 to $22,800................... $4,620+34% of AAI over $19,500.
$22,801 to $26,100................... $5,742+40% of AAI over $22,800.
$26,101 or more...................... $7,062+47% of AAI over $26,100.
------------------------------------------------------------------------
5. Employment Expense Allowance. This allowance for employment-
related expenses, which is used for the parents of dependent students
and for married independent students, recognizes additional expenses
incurred by working spouses and single-parent households. The allowance
is based upon the marginal differences in costs for a two-worker family
compared to a one-worker family for meals away from home, apparel and
upkeep, transportation, and housekeeping services.
The employment expense allowance for parents of dependent students,
married independent students without dependents other than a spouse,
and independent students with dependents other than a spouse is the
lesser of $3,100 or 35 percent of earned income.
6. Allowance for State and Other Taxes. The allowance for State and
other taxes protects a portion of the parents' and students' income
from being considered available for postsecondary educational expenses.
There are four tables for State and other taxes, one each for parents
of dependent students, independent students with dependents other than
a spouse, dependent students, and independent students without
dependents other than a spouse. Section 478(g) of part F of the HEA
directs the Secretary to update the tables for State and other taxes
after reviewing the Statistics of Income file data. Also, a provision
in the Consolidated Appropriations Act, 2004 (Pub. L. 108-199), directs
the Advisory Committee on Student Financial Assistance to examine the
efficiency, effectiveness and fairness of the current procedures to
update formula offsets and allowances. The Secretary considered the
preliminary findings of this analysis as she reviewed the Statistics of
Income file data.
----------------------------------------------------------------------------------------------------------------
Parents of dependents and Dependents and
independents with dependents other independents
than a spouse without
State -------------------------------------- dependents other
than a spouse
Under $15,000 $15,000 & up ------------------
All
----------------------------------------------------------------------------------------------------------------
Alabama................................................ 3 2 2
Alaska................................................. 2 1 0
Arizona................................................ 4 3 2
Arkansas............................................... 3 2 3
California............................................. 7 6 5
Colorado............................................... 4 3 3
Connecticut............................................ 7 6 4
Delaware............................................... 4 3 3
District of Columbia................................... 7 6 6
Florida................................................ 2 1 0
Georgia................................................ 5 4 3
Hawaii................................................. 4 3 4
Idaho.................................................. 5 4 3
Illinois............................................... 5 4 2
Indiana................................................ 4 3 3
Iowa................................................... 5 4 3
Kansas................................................. 5 4 3
Kentucky............................................... 5 4 4
Louisiana.............................................. 2 1 2
Maine.................................................. 6 5 4
Maryland............................................... 7 6 5
Massachusetts.......................................... 6 5 4
Michigan............................................... 5 4 3
Minnesota.............................................. 6 5 4
Mississippi............................................ 3 2 2
Missouri............................................... 4 3 3
Montana................................................ 5 4 3
Nebraska............................................... 5 4 3
Nevada................................................. 2 1 1
New Hampshire.......................................... 4 3 1
New Jersey............................................. 8 7 4
New Mexico............................................. 4 3 3
New York............................................... 8 7 5
North Carolina......................................... 6 5 4
North Dakota........................................... 2 1 1
Ohio................................................... 6 5 4
Oklahoma............................................... 4 3 3
Oregon................................................. 7 6 5
[[Page 30429]]
Pennsylvania........................................... 5 4 3
Rhode Island........................................... 7 6 4
South Carolina......................................... 5 4 3
South Dakota........................................... 1 0 0
Tennessee.............................................. 1 0 0
Texas.................................................. 2 1 0
Utah................................................... 5 4 4
Vermont................................................ 6 5 3
Virginia............................................... 5 4 3
Washington............................................. 2 1 0
West Virginia.......................................... 3 2 2
Wisconsin.............................................. 7 6 4
Wyoming................................................ 1 0 0
Other.................................................. 3 2 2
----------------------------------------------------------------------------------------------------------------
You may 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) on the Internet at the following site: https://
www.ed.gov/news/fedregister.
To use PDF you must have Adobe Acrobat Reader, which is available
free at this site. If you have questions about using PDF, call the U.S.
Government Printing Office (GPO), toll free, at 1-888-293-6498; or in
the Washington, DC area at (202) 512-1530.
Note: 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 on GPO Access at: https://www.gpoaccess.gov/
nara/.
(Catalog of Federal Domestic Assistance Numbers: 84.007 Federal
Supplemental Educational Opportunity Grant; 84.032 Federal Family
Education Loan Program; 84.033 Federal Work-Study Program; 84.038
Federal Perkins Loan Program; 84.063 Federal Pell Grant Program;
84.268 William D. Ford Federal Direct Loan Program)
Dated: May 23, 2005.
Theresa S. Shaw,
Chief Operating Officer, Federal Student Aid.
[FR Doc. 05-10584 Filed 5-25-05; 8:45 am]
BILLING CODE 4000-01-P
