Federal Pell Grant, Academic Competitiveness Grant, National Science and Mathematics Access To Retain Talent Grant, Federal Perkins Loan, Federal Work-Study, Federal Supplemental Educational Opportunity Grant, Federal Family Education Loan, and William D. Ford Federal Direct Loan Programs, 30899-30903 [E6-8403]
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30899
Federal Register / Vol. 71, No. 104 / Wednesday, May 31, 2006 / Notices
Statewide AT Programs report annual
data on their activities funded under the
Assistive Technology Act of 1998, as
amended (AT Act). The data reported by
states is required under the AT Act, and
will be used for reporting to Congress,
for program planning, and for assessing
program performance consistent with
GPRA and PART.
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 3125. 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
ICDocketMgr@ed.gov or faxed to 202–
245–6623. Please specify the complete
title of the information collection when
making your request.
Comments regarding burden and/or
the collection activity requirements
should be electronically mailed to
ICDocketMgr@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. E6–8383 Filed 5–30–06; 8:45 am]
BILLING CODE 4000–01–P
DEPARTMENT OF EDUCATION
Federal Pell Grant, Academic
Competitiveness Grant, National
Science and Mathematics Access To
Retain Talent 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
2007–2008 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 2007–
2008 for the student financial aid
programs authorized under 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 Title IV programs include the
Federal Pell Grant, Academic
Competitiveness Grant, National
Science and Mathematics Access to
Retain Talent Grant, campus-based
(Federal Perkins Loan, Federal WorkStudy, 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 adjust for general price inflation. The
changes are based, in general, upon
increases in the Consumer Price Index.
For award year 2007–2008 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 2005 and December
2006. However, because the Secretary
must publish these tables before
December 2006, 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 2005. The
Secretary estimates that the increase in
the Consumer Price Index for All Urban
Consumers (CPI–U) for the period
December 2005 through December 2006
will be 2.8 percent. Additionally, the
Higher Education Reconciliation Act of
2005 (Pub. L. 109–171) modified the
updating procedure for the income
protection allowance table for
independent students with dependents
other than a spouse. These table values
are increased by the greater of 5 percent
or the Secretary’s estimated increase in
the CPI–U (2.8 percent). The updated
tables are in sections 1, 2, and 4 of this
notice.
The Secretary must also revise, for
each award year, the education savings
and asset protection allowances as
provided for in section 478(d) of the
HEA. The Education Savings and Asset
Protection Allowance table for award
year 2007–2008 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,
adjusted for inflation. This calculation
is 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 food away from
home, apparel, transportation, and
household furnishings and operations.
The Employment Expense Allowance
table for award year 2007–2008 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 $3,000. The
income protection allowances for
parents of dependent students for award
year 2007–2008 is:
jlentini on PROD1PC65 with NOTICES
PARENTS OF DEPENDENT STUDENTS
Number in college
Family size
1
2 ...............................................................................................................
3 ...............................................................................................................
VerDate Aug<31>2005
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Frm 00043
Fmt 4703
2
$15,000
18,680
Sfmt 4703
$12,430
16,130
3
4
5
....................
$13,560
....................
....................
....................
....................
E:\FR\FM\31MYN1.SGM
31MYN1
30900
Federal Register / Vol. 71, No. 104 / Wednesday, May 31, 2006 / Notices
PARENTS OF DEPENDENT STUDENTS—Continued
Number in college
Family size
1
4 ...............................................................................................................
5 ...............................................................................................................
6 ...............................................................................................................
2
3
23,070
27,220
31,840
20,510
24,660
29,280
17,950
22,100
26,720
The income protection allowances for
independent students with dependents
For each additional family member
add $3,590.
For each additional college student
subtract $2,550.
4
$15,390
19,540
24,160
5
....................
$16,980
21,600
other than a spouse for award year
2007–2008 is:
INDEPENDENT STUDENTS WITH DEPENDENTS OTHER THAN A SPOUSE
Number in college
Family size
1
2
3
4
5
6
...............................................................................................................
...............................................................................................................
...............................................................................................................
...............................................................................................................
...............................................................................................................
For each additional family member
add $3,670.
For each additional college student
subtract $2,610.
The income protection allowances for
single independent students and
independent students without
dependents other than a spouse for
award year 2007–2008 are:
2
$15,320
19,070
23,560
27,800
32,510
3
$12,700
16,470
20,940
25,170
29,890
4
5
....................
$13,850
18,330
22,570
27,290
....................
....................
$15,710
19,950
24,660
....................
....................
....................
$17,340
22,060
income produced from these assets is
already assessed in another part of the
formula; and (2) the formula protects a
Single ................
1
$6,050 portion of the value of the assets. The
Married ..............
2
6,050 portion of these assets included in the
Married ..............
1
9,700 contribution calculation is computed
according to the following schedule.
2. Adjusted Net Worth (NW) of a
This schedule is used for parents of
Business or Farm. A portion of the full
dependent students, independent
net value of a farm or business is
students without dependents other than
excluded from the calculation of an
a spouse, and independent students
expected contribution because—(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 $320,000 .......................................................................................................................................
$320,001 to $535,000 .......................................................................................................................................
jlentini on PROD1PC65 with NOTICES
$535,001 or more ..............................................................................................................................................
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 Aug<31>2005
17:52 May 30, 2006
Jkt 208001
DEPENDENT STUDENTS
$0
$0 + 40% of NW.
$42,000 + 50% of NW over
$105,000.
$149,500 + 60% of NW over
$320,000.
$278,500 + 100% of NW over
$535,000.
DEPENDENT STUDENTS—Continued
And there are
And there are
Two parents
If the age of the
older parent
is—
then the education savings
and asset protection allowance is—
25
26
27
28
29
PO 00000
or less ..........
......................
......................
......................
......................
Frm 00044
Fmt 4703
0
2,500
5,100
7,600
10,200
Sfmt 4703
Two parents
One parent
0
1,000
2,100
3,100
4,200
30
31
32
33
34
35
36
37
38
39
40
41
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
E:\FR\FM\31MYN1.SGM
31MYN1
One parent
12,700
15,200
17,800
20,300
22,900
25,400
27,900
30,500
33,000
35,600
38,100
39,100
5,200
6,300
7,300
8,400
9,400
10,500
11,500
12,600
13,600
14,700
15,700
16,100
30901
Federal Register / Vol. 71, No. 104 / Wednesday, May 31, 2006 / Notices
DEPENDENT STUDENTS—Continued
And there are
Two parents
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 ........
One parent
40,100
41,100
42,100
43,100
44,200
45,300
46,400
47,600
48,700
50,200
51,500
53,000
54,300
55,900
57,300
59,000
60,700
62,500
64,300
66,200
68,100
70,400
72,400
74,800
16,400
16,800
17,200
17,500
17,900
18,300
18,800
19,200
19,700
20,100
20,500
21,000
21,600
22,100
22,700
23,200
23,900
24,400
25,100
25,700
26,400
27,200
27,900
28,700
INDEPENDENT STUDENTS WITHOUT
DEPENDENTS OTHER THAN A SPOUSE
And they are
Married
then the education savings
and asset protection allowance is—
or less ..........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
0
2,500
5,100
7,600
10,200
12,700
15,200
17,800
20,300
22,900
25,400
27,900
30,500
33,000
35,600
And they are
Married
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 older ........
38,100
39,100
40,100
41,100
42,100
43,100
44,200
45,300
46,400
47,600
48,700
50,200
51,500
53,000
54,300
55,900
57,300
59,000
60,700
62,500
64,300
66,200
68,100
70,400
72,400
74,800
Single
15,700
16,100
16,400
16,800
17,200
17,500
17,900
18,300
18,800
19,200
19,700
20,100
20,500
21,000
21,600
22,100
22,700
23,200
23,900
24,400
25,100
25,700
26,400
27,200
27,900
28,700
INDEPENDENT STUDENTS WITH
DEPENDENTS OTHER THAN A SPOUSE
Single
If the age of the
student is—
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
INDEPENDENT STUDENTS WITHOUT DEPENDENTS
OTHER
THAN
A
SPOUSE—Continued
0
1,000
2,100
3,100
4,200
5,200
6,300
7,300
8,400
9,400
10,500
11,500
12,600
13,600
14,700
If the age of the
student is—
And they are
married
single
then the education savings
and asset protection allowance is—
25
26
27
28
29
30
31
32
33
34
35
36
37
or less ..........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
0
2,500
5,100
7,600
10,200
12,700
15,200
17,800
20,300
22,900
25,400
27,900
30,500
0
1,000
2,100
3,100
4,200
5,200
6,300
7,300
8,400
9,400
10,500
11,500
12,600
INDEPENDENT STUDENTS WITH DEPENDENTS
OTHER
THAN
A
SPOUSE—Continued
If the age of the
student is—
38
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
married
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
or older ........
single
33,000
35,600
38,100
39,100
40,100
41,100
42,100
43,100
44,200
45,300
46,400
47,600
48,700
50,200
51,500
53,000
54,300
55,900
57,300
59,000
60,700
62,500
64,300
66,200
68,100
70,400
72,400
74,800
13,600
14,700
15,700
16,100
16,400
16,800
17,200
17,500
17,900
18,300
18,800
19,200
19,700
20,100
20,500
21,000
21,600
22,100
22,700
23,200
23,900
24,400
25,100
25,700
26,400
27,200
27,900
28,700
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 $13,400 .........................................................................................................................................
$13,401 to $16,800 ...........................................................................................................................................
$16,801 to $20,200 ...........................................................................................................................................
$20,201 to $23,700 ...........................................................................................................................................
$23,701 to $27,100 ...........................................................................................................................................
$27,101 or more ................................................................................................................................................
jlentini on PROD1PC65 with NOTICES
If AAI is—
¥$750
22% of AAI
$2,948 + 25%
$3,798 + 29%
$4,784 + 34%
$5,974 + 40%
$7,334 + 47%
The contribution for an independent
student with dependents other than a
VerDate Aug<31>2005
17:52 May 30, 2006
Jkt 208001
spouse is computed according to the
following schedule:
PO 00000
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Sfmt 4703
E:\FR\FM\31MYN1.SGM
31MYN1
of
of
of
of
of
AAI
AAI
AAI
AAI
AAI
over
over
over
over
over
$13,400
$16,800
$20,200
$23,700
$27,100
30902
Federal Register / Vol. 71, No. 104 / Wednesday, May 31, 2006 / Notices
If AAI is—
Then the contribution is—
Less than ¥$3,409 ...........................................................................................................................................
¥$3,409 to $13,400 .........................................................................................................................................
$13,401 to $16,800 ...........................................................................................................................................
$16,801 to $20,200 ...........................................................................................................................................
$20,201 to $23,700 ...........................................................................................................................................
$23,701 to $27,100 ...........................................................................................................................................
$27,101 or more ................................................................................................................................................
¥$750
22% of AAI
$2,948 + 25%
$3,798 + 29%
$4,784 + 34%
$5,974 + 40%
$7,334 + 47%
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 food away from
home, apparel, transportation, and
household furnishings and operations.
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
$3,200 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.
of
of
of
of
of
State
jlentini on PROD1PC65 with NOTICES
Under $15,000
(Percent)
VerDate Aug<31>2005
17:52 May 30, 2006
Jkt 208001
PO 00000
Frm 00046
Fmt 4703
Sfmt 4703
over
over
over
over
over
$13,400
$16,800
$20,200
$23,700
$27,100
There are four categories 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 the HEA directs the Secretary
to update the tables for State and other
taxes after reviewing the Statistics of
Income file data maintained by the
Internal Revenue Service.
Parents of dependents and independents with dependents other than a
spouse
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 .......................................................................................................................
Pennsylvania ..............................................................................................................
Rhode Island ..............................................................................................................
South Carolina ...........................................................................................................
AAI
AAI
AAI
AAI
AAI
$15,000 & up
(Percent)
3
2
4
4
7
4
7
4
7
2
5
4
5
5
4
5
5
5
2
6
7
6
5
6
3
5
5
5
2
4
8
4
8
6
2
6
4
8
5
7
5
E:\FR\FM\31MYN1.SGM
All
(Percent)
2
1
3
3
6
3
6
3
6
1
4
3
4
4
3
4
4
4
1
5
6
5
4
5
2
4
4
4
1
3
7
3
7
5
1
5
3
7
4
6
4
31MYN1
Dependents and
independents
without dependents other than a
spouse
2
0
2
3
4
3
4
3
6
0
3
3
3
2
2
3
3
4
2
3
5
4
3
4
2
3
3
3
1
1
4
3
5
4
1
4
3
5
3
4
3
30903
Federal Register / Vol. 71, No. 104 / Wednesday, May 31, 2006 / Notices
Parents of dependents and independents with dependents other than a
spouse
State
Under $15,000
(Percent)
South Dakota .............................................................................................................
Tennessee .................................................................................................................
Texas .........................................................................................................................
Utah ...........................................................................................................................
Vermont .....................................................................................................................
Virginia .......................................................................................................................
Washington ................................................................................................................
West Virginia ..............................................................................................................
Wisconsin ...................................................................................................................
Wyoming ....................................................................................................................
Other ..........................................................................................................................
You may view this document, as well
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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; 84.375
Academic Competitiveness Grant; 84.376
National Science and Mathematics Access to
Retain Talent Grant)
Dated: May 25, 2006.
Theresa S. Shaw,
Chief Operating Officer, Federal Student Aid.
[FR Doc. E6–8403 Filed 5–30–06; 8:45 am]
BILLING CODE 4000–01–P
DEPARTMENT OF ENERGY
jlentini on PROD1PC65 with NOTICES
Environmental Management SiteSpecific Advisory Board, Paducah
Department of Energy (DOE).
Notice of open meeting.
AGENCY:
ACTION:
SUMMARY: This notice announces a
meeting of the Environmental
VerDate Aug<31>2005
17:52 May 30, 2006
Jkt 208001
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Management Site-Specific Advisory
Board (EM SSAB), Paducah. The
Federal Advisory Committee Act (Pub.
L. 92–463, 86 Stat. 770) requires that
public notice of this meeting be
announced in the Federal Register.
DATES: Thursday, June 15, 2006, 5:30
p.m.–9 p.m.
ADDRESSES: 111 Memorial Drive,
Barkley Centre, Paducah, Kentucky
42001.
FOR FURTHER INFORMATION CONTACT:
William E. Murphie, Deputy Designated
Federal Officer, Department of Energy
Portsmouth/Paducah Project Office,
1017 Majestic Drive, Suite 200,
Lexington, Kentucky 40513, (859) 219–
4001.
SUPPLEMENTARY INFORMATION:
Purpose of the Board: The purpose of
the Board is to make recommendations
to DOE in the areas of environmental
restoration, waste management and
related activities.
Tentative Agenda
5:30 p.m. Informal Discussion.
6 p.m. Call to Order, Introductions,
Review of Agenda, Approval of May
Minutes.
6:15 p.m. Deputy Designated Federal
Officer’s Comments.
6:35 p.m. Federal Coordinator’s
Comments.
6:40 p.m. Ex-officios’ Comments.
6:50 p.m. Public Comments and
Questions.
7 p.m. Task Forces/Presentations.
• Southwest Plume Site Investigation.
• Status of Land Acquisition Study.
• Water Disposition/Water Quality
Task Force.
8 p.m. Public Comments and
Questions.
8:10 p.m. Break.
8:20 p.m. Administrative Issues.
• Preparation for July Presentation.
• Budget Review.
PO 00000
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Sfmt 4703
$15,000 & up
(Percent)
Dependents and
independents
without dependents other than a
spouse
All
(Percent)
0
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5
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6
0
2
0
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• Review of Work Plan.
• Review of Next Agenda.
8:30 p.m. Review of Action Items.
8:35 p.m. Subcommittee Report.
• Executive Committee—Chairs
Meeting Review.
8:50 p.m. Final Comments.
9 p.m. Adjourn.
Public Participation: The meeting is
open to the public. Written statements
may be filed with the Board either
before or after the meeting. Individuals
who wish to make oral statements
pertaining to agenda items should
contact David Dollins at the address
listed below or by telephone at (270)
441–6819. Requests must be received
five days prior to the meeting and
reasonable provision will be made to
include the presentation in the agenda.
The Deputy Designated Federal Officer
is empowered to conduct the meeting in
a fashion that will facilitate the orderly
conduct of business. Individuals
wishing to make public comment will
be provided a maximum of five minutes
to present their comments.
Minutes: The minutes of this meeting
will be available for public review and
copying at the U.S. Department of
Energy’s Freedom of Information Public
Reading Room, 1E–190, Forrestal
Building, 1000 Independence Avenue,
SW., Washington, DC 20585 between 9
a.m. and 4 p.m., Monday–Friday, except
Federal holidays. Minutes will also be
available at the Department of Energy’s
Environmental Information Center and
Reading Room at 115 Memorial Drive,
Barkley Centre, Paducah, Kentucky
between 8 a.m. and 5 p.m. on Monday
through Friday or by writing to David
Dollins, Department of Energy, Paducah
Site Office, Post Office Box 1410, MS–
103, Paducah, Kentucky 42001 or by
calling him at (270) 441–6819.
E:\FR\FM\31MYN1.SGM
31MYN1
]]>Agencies
[Federal Register Volume 71, Number 104 (Wednesday, May 31, 2006)]
[Notices]
[Pages 30899-30903]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-8403]
-----------------------------------------------------------------------
DEPARTMENT OF EDUCATION
Federal Pell Grant, Academic Competitiveness Grant, National
Science and Mathematics Access To Retain Talent 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 2007-2008 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 2007-2008 for the student financial aid programs
authorized under 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 Title IV programs include the Federal Pell Grant,
Academic Competitiveness Grant, National Science and Mathematics Access
to Retain Talent 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
adjust for general price inflation. The changes are based, in general,
upon increases in the Consumer Price Index.
For award year 2007-2008 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 2005 and December 2006. However, because
the Secretary must publish these tables before December 2006, 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 2005. The Secretary estimates that the increase in the
Consumer Price Index for All Urban Consumers (CPI-U) for the period
December 2005 through December 2006 will be 2.8 percent. Additionally,
the Higher Education Reconciliation Act of 2005 (Pub. L. 109-171)
modified the updating procedure for the income protection allowance
table for independent students with dependents other than a spouse.
These table values are increased by the greater of 5 percent or the
Secretary's estimated increase in the CPI-U (2.8 percent). The updated
tables are in sections 1, 2, and 4 of this notice.
The Secretary must also revise, for each award year, the education
savings and asset protection allowances as provided for in section
478(d) of the HEA. The Education Savings and Asset Protection Allowance
table for award year 2007-2008 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,
adjusted for inflation. This calculation is 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 food away from home,
apparel, transportation, and household furnishings and operations. The
Employment Expense Allowance table for award year 2007-2008 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 $3,000. The income protection allowances for parents of dependent
students for award year 2007-2008 is:
Parents of Dependent Students
----------------------------------------------------------------------------------------------------------------
Number in college
Family size ----------------------------------------------------------------
1 2 3 4 5
----------------------------------------------------------------------------------------------------------------
2.............................................. $15,000 $12,430 ........... ........... ...........
3.............................................. 18,680 16,130 $13,560 ........... ...........
[[Page 30900]]
4.............................................. 23,070 20,510 17,950 $15,390 ...........
5.............................................. 27,220 24,660 22,100 19,540 $16,980
6.............................................. 31,840 29,280 26,720 24,160 21,600
----------------------------------------------------------------------------------------------------------------
For each additional family member add $3,590.
For each additional college student subtract $2,550.
The income protection allowances for independent students with
dependents other than a spouse for award year 2007-2008 is:
Independent Students With Dependents Other Than a Spouse
----------------------------------------------------------------------------------------------------------------
Number in college
Family size ----------------------------------------------------------------
1 2 3 4 5
----------------------------------------------------------------------------------------------------------------
2.............................................. $15,320 $12,700 ........... ........... ...........
3.............................................. 19,070 16,470 $13,850 ........... ...........
4.............................................. 23,560 20,940 18,330 $15,710 ...........
5.............................................. 27,800 25,170 22,570 19,950 $17,340
6.............................................. 32,510 29,890 27,290 24,660 22,060
----------------------------------------------------------------------------------------------------------------
For each additional family member add $3,670.
For each additional college student subtract $2,610.
The income protection allowances for single independent students
and independent students without dependents other than a spouse for
award year 2007-2008 are:
------------------------------------------------------------------------
Number in
Marital status college IPA
------------------------------------------------------------------------
Single........................................ 1 $6,050
Married....................................... 2 6,050
Married....................................... 1 9,700
------------------------------------------------------------------------
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 because--(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 is-- Then the adjusted net worth is--
----------------------------------------------------------------------------------------------------------------
Less than $1.................................... $0
$1 to $105,000.................................. $0 + 40% of NW.
$105,001 to $320,000............................ $42,000 + 50% of NW over $105,000.
$320,001 to $535,000............................ $149,500 + 60% of NW over $320,000.
$535,001 or more................................ $278,500 + 100% of NW over $535,000.
----------------------------------------------------------------------------------------------------------------
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
-------------------------
Two parents One parent
------------------------------------------------------------------------
If the age of the older parent is--
then the education
savings and asset
protection allowance is--
-------------------------
25 or less.................................... 0 0
26............................................ 2,500 1,000
27............................................ 5,100 2,100
28............................................ 7,600 3,100
29............................................ 10,200 4,200
30............................................ 12,700 5,200
31............................................ 15,200 6,300
32............................................ 17,800 7,300
33............................................ 20,300 8,400
34............................................ 22,900 9,400
35............................................ 25,400 10,500
36............................................ 27,900 11,500
37............................................ 30,500 12,600
38............................................ 33,000 13,600
39............................................ 35,600 14,700
40............................................ 38,100 15,700
41............................................ 39,100 16,100
[[Page 30901]]
42............................................ 40,100 16,400
43............................................ 41,100 16,800
44............................................ 42,100 17,200
45............................................ 43,100 17,500
46............................................ 44,200 17,900
47............................................ 45,300 18,300
48............................................ 46,400 18,800
49............................................ 47,600 19,200
50............................................ 48,700 19,700
51............................................ 50,200 20,100
52............................................ 51,500 20,500
53............................................ 53,000 21,000
54............................................ 54,300 21,600
55............................................ 55,900 22,100
56............................................ 57,300 22,700
57............................................ 59,000 23,200
58............................................ 60,700 23,900
59............................................ 62,500 24,400
60............................................ 64,300 25,100
61............................................ 66,200 25,700
62............................................ 68,100 26,400
63............................................ 70,400 27,200
64............................................ 72,400 27,900
65 or older................................... 74,800 28,700
------------------------------------------------------------------------
Independent Students Without Dependents Other Than a Spouse
------------------------------------------------------------------------
And they are
-------------------------
Married Single
------------------------------------------------------------------------
If the age of the student is--
then the education
savings and asset
protection allowance is--
-------------------------
25 or less.................................... 0 0
26............................................ 2,500 1,000
27............................................ 5,100 2,100
28............................................ 7,600 3,100
29............................................ 10,200 4,200
30............................................ 12,700 5,200
31............................................ 15,200 6,300
32............................................ 17,800 7,300
33............................................ 20,300 8,400
34............................................ 22,900 9,400
35............................................ 25,400 10,500
36............................................ 27,900 11,500
37............................................ 30,500 12,600
38............................................ 33,000 13,600
39............................................ 35,600 14,700
40............................................ 38,100 15,700
41............................................ 39,100 16,100
42............................................ 40,100 16,400
43............................................ 41,100 16,800
44............................................ 42,100 17,200
45............................................ 43,100 17,500
46............................................ 44,200 17,900
47............................................ 45,300 18,300
48............................................ 46,400 18,800
49............................................ 47,600 19,200
50............................................ 48,700 19,700
51............................................ 50,200 20,100
52............................................ 51,500 20,500
53............................................ 53,000 21,000
54............................................ 54,300 21,600
55............................................ 55,900 22,100
56............................................ 57,300 22,700
57............................................ 59,000 23,200
58............................................ 60,700 23,900
59............................................ 62,500 24,400
60............................................ 64,300 25,100
61............................................ 66,200 25,700
62............................................ 68,100 26,400
63............................................ 70,400 27,200
64............................................ 72,400 27,900
65 or older................................... 74,800 28,700
------------------------------------------------------------------------
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............................................ 2,500 1,000
27............................................ 5,100 2,100
28............................................ 7,600 3,100
29............................................ 10,200 4,200
30............................................ 12,700 5,200
31............................................ 15,200 6,300
32............................................ 17,800 7,300
33............................................ 20,300 8,400
34............................................ 22,900 9,400
35............................................ 25,400 10,500
36............................................ 27,900 11,500
37............................................ 30,500 12,600
38............................................ 33,000 13,600
39............................................ 35,600 14,700
40............................................ 38,100 15,700
41............................................ 39,100 16,100
42............................................ 40,100 16,400
43............................................ 41,100 16,800
44............................................ 42,100 17,200
45............................................ 43,100 17,500
46............................................ 44,200 17,900
47............................................ 45,300 18,300
48............................................ 46,400 18,800
49............................................ 47,600 19,200
50............................................ 48,700 19,700
51............................................ 50,200 20,100
52............................................ 51,500 20,500
53............................................ 53,000 21,000
54............................................ 54,300 21,600
55............................................ 55,900 22,100
56............................................ 57,300 22,700
57............................................ 59,000 23,200
58............................................ 60,700 23,900
59............................................ 62,500 24,400
60............................................ 64,300 25,100
61............................................ 66,200 25,700
62............................................ 68,100 26,400
63............................................ 70,400 27,200
64............................................ 72,400 27,900
65 or older................................... 74,800 28,700
------------------------------------------------------------------------
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 $13,400.............................. 22% of AAI
$13,401 to $16,800.............................. $2,948 + 25% of AAI over $13,400
$16,801 to $20,200.............................. $3,798 + 29% of AAI over $16,800
$20,201 to $23,700.............................. $4,784 + 34% of AAI over $20,200
$23,701 to $27,100.............................. $5,974 + 40% of AAI over $23,700
$27,101 or more................................. $7,334 + 47% of AAI over $27,100
----------------------------------------------------------------------------------------------------------------
The contribution for an independent student with dependents other
than a spouse is computed according to the following schedule:
[[Page 30902]]
----------------------------------------------------------------------------------------------------------------
If AAI is-- Then the contribution is--
----------------------------------------------------------------------------------------------------------------
Less than -$3,409............................... -$750
-$3,409 to $13,400.............................. 22% of AAI
$13,401 to $16,800.............................. $2,948 + 25% of AAI over $13,400
$16,801 to $20,200.............................. $3,798 + 29% of AAI over $16,800
$20,201 to $23,700.............................. $4,784 + 34% of AAI over $20,200
$23,701 to $27,100.............................. $5,974 + 40% of AAI over $23,700
$27,101 or more................................. $7,334 + 47% of AAI over $27,100
----------------------------------------------------------------------------------------------------------------
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 food away from home, apparel,
transportation, and household furnishings and operations.
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 $3,200 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 categories 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 the HEA
directs the Secretary to update the tables for State and other taxes
after reviewing the Statistics of Income file data maintained by the
Internal Revenue Service.
----------------------------------------------------------------------------------------------------------------
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 ------------------
(Percent) (Percent) All (Percent)
----------------------------------------------------------------------------------------------------------------
Alabama................................................ 3 2 2
Alaska................................................. 2 1 0
Arizona................................................ 4 3 2
Arkansas............................................... 4 3 3
California............................................. 7 6 4
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 3
Idaho.................................................. 5 4 3
Illinois............................................... 5 4 2
Indiana................................................ 4 3 2
Iowa................................................... 5 4 3
Kansas................................................. 5 4 3
Kentucky............................................... 5 4 4
Louisiana.............................................. 2 1 2
Maine.................................................. 6 5 3
Maryland............................................... 7 6 5
Massachusetts.......................................... 6 5 4
Michigan............................................... 5 4 3
Minnesota.............................................. 6 5 4
Mississippi............................................ 3 2 2
Missouri............................................... 5 4 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................................................. 8 7 5
Pennsylvania........................................... 5 4 3
Rhode Island........................................... 7 6 4
South Carolina......................................... 5 4 3
[[Page 30903]]
South Dakota........................................... 1 0 0
Tennessee.............................................. 1 0 0
Texas.................................................. 2 1 0
Utah................................................... 5 4 3
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 3
----------------------------------------------------------------------------------------------------------------
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.
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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; 84.375 Academic
Competitiveness Grant; 84.376 National Science and Mathematics
Access to Retain Talent Grant)
Dated: May 25, 2006.
Theresa S. Shaw,
Chief Operating Officer, Federal Student Aid.
[FR Doc. E6-8403 Filed 5-30-06; 8:45 am]
BILLING CODE 4000-01-P
