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]

Download as PDF 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: VerDate jul<14>2003 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 http://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 PO 00000 Frm 00016 Fmt 4703 Sfmt 4703 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. E:\FR\FM\26MYN1.SGM 26MYN1 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. VerDate jul<14>2003 19:11 May 25, 2005 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 PO 00000 or less .......... ...................... ...................... ...................... ...................... ...................... Frm 00017 Fmt 4703 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 VerDate jul<14>2003 19:11 May 25, 2005 Jkt 205001 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: PO 00000 Frm 00018 Fmt 4703 Sfmt 4703 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 E:\FR\FM\26MYN1.SGM 26MYN1 30428 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 ....................................................................................................................... VerDate jul<14>2003 19:11 May 25, 2005 Jkt 205001 PO 00000 Frm 00019 Fmt 4703 Sfmt 4703 3 2 4 3 7 4 7 4 7 2 5 4 5 5 4 5 5 5 2 6 7 6 5 6 3 4 5 5 2 4 8 4 8 6 2 6 4 7 E:\FR\FM\26MYN1.SGM 2 1 3 2 6 3 6 3 6 1 4 3 4 4 3 4 4 4 1 5 6 5 4 5 2 3 4 4 1 3 7 3 7 5 1 5 3 6 26MYN1 2 0 2 3 5 3 4 3 6 0 3 4 3 2 3 3 3 4 2 4 5 4 3 4 2 3 3 3 1 1 4 3 5 4 1 4 3 5 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 .......................................................................................................................... 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: http://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: http://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 Jkt 205001 5 7 5 1 1 2 5 6 5 2 3 7 1 3 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 http://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 Frm 00020 Fmt 4703 Sfmt 4703 4 6 4 0 0 1 4 5 4 1 2 6 0 2 3 4 3 0 0 0 4 3 3 0 2 4 0 2 This filing is accessible on-line at http://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: http://
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: http://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