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, 30568-30572 [E7-10621]
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30568
Federal Register / Vol. 72, No. 105 / Friday, June 1, 2007 / Notices
Records are kept of all Board
proceedings and are available for public
inspection at the Office of the White
House Initiative on Tribal Colleges and
Universities, U.S. Department of
Education, 1990 K Street, NW.,
Washington, DC 20006, during the
hours of 8 a.m. to 5 p.m., Eastern
Standard Time Monday through Friday.
Electronic Access to This Document:
You may view this document, as well as
all other documents of this Department
published in the Federal Register, in
text or Adobe Portable Document
Format (PDF) on the Internet at the
following site: https://www.ed.gov/news/
fedregister/.
To use PDF you must have Adobe
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at this site. If you have questions about
using PDF, call the U.S. Government
Printing Office (GPO), toll free at 1–888–
293–6498; or in the Washington, DC,
area at (202) 512–1530.
Note: The official version of this document
is the document published in the Federal
Register. Free Internet access to the official
edition of the Federal Register and the Code
of Federal regulations is available on GPO
Access at: https://www.gpoaccess.gov/nara/
index.html.
James Manning,
Delegated the Authority of Assistant
Secretary, Office of Postsecondary Education.
[FR Doc. E7–10635 Filed 5–31–07; 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, U.S.
Department of Education.
ACTION: Notice of revision of the Federal
Need Analysis Methodology for the
2008–2009 award year.
AGENCY:
hsrobinson on PROD1PC76 with NOTICES
SUMMARY: The Secretary 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
VerDate Aug<31>2005
18:10 May 31, 2007
Jkt 211001
(EFC) for award year 2008–2009 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, Federal
Perkins Loan, Federal Work-Study,
Federal Supplemental Educational
Opportunity Grant, 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 Title IV
requires the Secretary to adjust four of
the tables—the Income Protection
Allowance, the Adjusted Net Worth of
a Farm or Business, 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 2008–2009 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 2006 and December
2007. However, because the Secretary
must publish these tables before
December 2007, the increases in the
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Fmt 4703
Sfmt 4703
tables must be based upon a percentage
equal to the estimated percentage
increase in the Consumer Price Index
for All Urban Consumers for 2006. The
Secretary estimates that the increase in
the Consumer Price Index for All Urban
Consumers (CPI–U) for the period
December 2006 through December 2007
will be 2.8 percent. Additionally, the
Higher Education Reconciliation Act of
2005 (HERA, Pub. L. 109–171) modified
the updating procedure for the income
protection allowance for dependent
students and the income protection
allowance tables for both independent
students with dependents other than a
spouse and independent students
without dependents other than a
spouse. HERA established new 2007–08
award year values for these income
protection allowances, which are being
updated for the 2008–09 award year
using the Secretary’s estimated inflation
rate of 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 2008–2009 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 family 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 2008–2009 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 $3,080. The
income protection allowances for
parents of dependent students for award
year 2008–2009 are:
E:\FR\FM\01JNN1.SGM
01JNN1
30569
Federal Register / Vol. 72, No. 105 / Friday, June 1, 2007 / Notices
PARENTS OF DEPENDENT STUDENTS
Number in college
Family size
1
2
3
4
5
6
.........................................................................................................................
.........................................................................................................................
.........................................................................................................................
.........................................................................................................................
.........................................................................................................................
2
$15,380
19,150
23,660
27,910
32,650
$12,750
16,540
21,020
25,280
30,010
The income protection allowances for
independent students with dependents
For each additional family member
add $3,680.
For each additional college student
subtract $2,620.
3
4
$13,900
18,410
22,660
27,400
$15,770
20,030
24,770
5
$17,410
22,150
other than a spouse for award year
2008–2009 are:
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 $3,770.
For each additional college student
subtract $2,680.
The income protection allowances for
single independent students and
independent students without
dependents other than a spouse for
award year 2008–2009 are:
2
$15,750
19,610
24,220
28,580
33,420
Number in
college
hsrobinson on PROD1PC76 with NOTICES
18:10 May 31, 2007
Jkt 211001
5
..................
$14,240
18,850
23,200
28,060
..................
..................
$16,150
20,510
25,350
..................
..................
..................
$17,830
22,680
IPA
Then the adjusted net worth is—
Less than $1 .............................................................................................
$1 to $110,000 .........................................................................................
$110,001 to $330,000 ..............................................................................
$330,001 to $550,000 ..............................................................................
$550,001 or more .....................................................................................
VerDate Aug<31>2005
4
income produced from these assets is
already assessed in another part of the
formula; and (2) the formula protects a
Single ....................
1
$6,220 portion of the value of the assets. The
Married ..................
2
6,220 portion of these assets included in the
Married ..................
1
9,970 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.
Marital status
If the net worth of a business or farm is—
3. Education Savings and Asset
Protection Allowance. This allowance
$13,060
16,930
21,530
25,880
30,730
3
$0.
$0 + 40% of NW.
$44,000 + 50% of NW over $110,000.
$154,000 + 60% of NW over $330,000.
$286,000 + 100% of NW over $550,000.
protects a portion of net worth (assets
less debts) from being considered
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Fmt 4703
Sfmt 4703
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.
E:\FR\FM\01JNN1.SGM
01JNN1
30570
Federal Register / Vol. 72, No. 105 / Friday, June 1, 2007 / Notices
DEPENDENT STUDENTS
INDEPENDENT STUDENTS WITHOUT DEPENDENTS
OTHER
THAN
A
SPOUSE—Continued
And they are
Two parents
If the age of the
student is
25
26
27
28
29
30
31
32
33
34
35
36
37
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
One parent
Then the education savings and asset protection
allowance is—
or less ..........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
or older ........
0
2,600
5,100
7,700
10,200
12,800
15,400
17,900
20,500
23,000
25,600
28,200
30,700
33,300
35,800
38,400
39,300
40,300
41,300
42,300
43,400
44,500
45,600
46,700
47,900
49,000
50,500
51,800
53,300
54,600
56,300
57,600
59,300
61,100
62,900
64,700
66,600
68,500
70,800
72,800
75,200
0
1,100
2,100
3,200
4,300
5,300
6,400
7,500
8,500
9,600
10,700
11,700
12,800
13,900
14,900
16,000
16,400
16,700
17,100
17,600
17,900
18,300
18,800
19,200
19,700
20,100
20,500
21,000
21,500
22,100
22,600
23,200
23,700
24,400
25,000
25,700
26,300
27,000
27,800
28,500
29,300
INDEPENDENT STUDENTS WITHOUT
DEPENDENTS OTHER THAN A SPOUSE
And they are
Married
If the age of the
student is
Single
Then the education savings and asset protection
allowance is—
25
26
27
28
29
30
31
32
33
34
35
36
37
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
or less ..........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
or older ........
0
2,600
5,100
7,700
10,200
12,800
15,400
17,900
20,500
23,000
25,600
28,200
30,700
33,300
35,800
38,400
39,300
40,300
41,300
42,300
43,400
44,500
45,600
46,700
47,900
49,000
50,500
51,800
53,300
54,600
56,300
57,600
59,300
61,100
62,900
64,700
66,600
68,500
70,800
72,800
75,200
0
1,100
2,100
3,200
4,300
5,300
6,400
7,500
8,500
9,600
10,700
11,700
12,800
13,900
14,900
16,000
16,400
16,700
17,100
17,600
17,900
18,300
18,800
19,200
19,700
20,100
20,500
21,000
21,500
22,100
22,600
23,200
23,700
24,400
25,000
25,700
26,300
27,000
27,800
28,500
29,300
hsrobinson on PROD1PC76 with NOTICES
VerDate Aug<31>2005
Jkt 211001
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
or older ........
Then the contribution is—
..................................................................................
..................................................................................
..................................................................................
..................................................................................
..................................................................................
..................................................................................
18:10 May 31, 2007
31
32
33
34
35
36
37
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
15,400
17,900
20,500
23,000
25,600
28,200
30,700
33,300
35,800
38,400
39,300
40,300
41,300
42,300
43,400
44,500
45,600
46,700
47,900
49,000
50,500
51,800
53,300
54,600
56,300
57,600
59,300
61,100
62,900
64,700
66,600
68,500
70,800
72,800
75,200
6,400
7,500
8,500
9,600
10,700
11,700
12,800
13,900
14,900
16,000
16,400
16,700
17,100
17,600
17,900
18,300
18,800
19,200
19,700
20,100
20,500
21,000
21,500
22,100
22,600
23,200
23,700
24,400
25,000
25,700
26,300
27,000
27,800
28,500
29,300
4. Assessment Schedules and Rates.
Two schedules that are subject to
updates, one for parents of dependent
students and one for independent
INDEPENDENT STUDENTS WITH
students with dependents other than a
DEPENDENTS OTHER THAN A SPOUSE spouse, are used to determine the EFC
toward educational expenses from
And they are
family financial resources. For
dependent students, the EFC is derived
Married
Single
from an assessment of the parents’
adjusted available income (AAI). For
If the age of the
student is
Then the education sav- independent students with dependents
ings and asset protection other than a spouse, the EFC is derived
from an assessment of the family’s AAI.
allowance is—
The AAI represents a measure of a
25 or less ..........
0
0 family’s financial strength, which
26 ......................
2,600
1,100 considers both income and assets.
27 ......................
5,100
2,100
The parents’ contribution for a
28 ......................
7,700
3,200
29 ......................
10,200
4,300 dependent student is computed
30 ......................
12,800
5,300 according to the following schedule:
If AAI is—
Less than ¥$3,409
($3,409) to $13,700
$13,701 to $17,300
$17,301 to $20,800
$20,801 to $24,300
$24,301 to $27,800
INDEPENDENT STUDENTS WITH DEPENDENTS
OTHER
THAN
A
SPOUSE—Continued
PO 00000
Frm 00035
Fmt 4703
¥$750.
22% of AAI.
$3,014 + 25%
$3,914 + 29%
$4,929 + 34%
$6,119 + 40%
Sfmt 4703
of
of
of
of
AAI
AAI
AAI
AAI
over
over
over
over
$13,700.
$17,300.
$20,800.
$24,300.
E:\FR\FM\01JNN1.SGM
01JNN1
30571
Federal Register / Vol. 72, No. 105 / Friday, June 1, 2007 / Notices
If AAI is—
Then the contribution is—
$27,801 or more .......................................................................................
The contribution for an independent
student with dependents other than a
$7,519 + 47% of AAI over $27,800.
spouse is computed according to the
following schedule:
If AAI is—
Then the contribution is—
Less than ¥$3,409 ..................................................................................
($3,409) to $13,700 ..................................................................................
$13,701 to $17,300 ..................................................................................
$17,301 to $20,800 ..................................................................................
$20,801 to $24,300 ..................................................................................
$24,301 to $27,800 ..................................................................................
$27,801 or more .......................................................................................
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.
¥$750.
22% of AAI.
$3,014 + 25%
$3,914 + 29%
$4,929 + 34%
$6,119 + 40%
$7,519 + 47%
of
of
of
of
of
AAI
AAI
AAI
AAI
AAI
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
$3,300 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.
over
over
over
over
over
$13,700.
$17,300.
$20,800.
$24,300.
$27,800.
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
State
hsrobinson on PROD1PC76 with NOTICES
Under $15,000
(percent)
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 ...............................................................................................................
VerDate Aug<31>2005
18:10 May 31, 2007
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Sfmt 4703
$15,000 & up
(percent)
3
2
4
4
7
4
7
4
7
3
6
4
5
5
4
5
5
5
3
6
7
6
5
6
4
5
5
5
3
5
8
4
E:\FR\FM\01JNN1.SGM
All
(percent)
2
1
3
3
6
3
6
3
6
2
5
3
4
4
3
4
4
4
2
5
6
5
4
5
3
4
4
4
2
4
7
3
01JNN1
Dependents and
independents
without dependents other than a
spouse
2
0
3
3
5
3
4
3
6
1
3
4
3
2
3
3
3
4
2
4
5
4
3
4
2
3
3
3
1
1
4
3
30572
Federal Register / Vol. 72, No. 105 / Friday, June 1, 2007 / Notices
Parents of dependents and independents with dependents other than a
spouse
State
Under $15,000
(percent)
New York ...................................................................................................................
North Carolina ............................................................................................................
North Dakota ..............................................................................................................
Ohio ...........................................................................................................................
Oklahoma ...................................................................................................................
Oregon .......................................................................................................................
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: https://www.ed.gov/
news/fedregister.
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Note: The official version of this document
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Register. Free Internet access to the official
edition of the Federal Register and the Code
of Federal Regulations is available on GPO
Access at: https://www.gpoaccess.gov/nara/
index.html.
hsrobinson on PROD1PC76 with NOTICES
(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 29, 2007.
Theresa S. Shaw,
Chief Operating Officer, Federal Student Aid.
[FR Doc. E7–10621 Filed 5–31–07; 8:45 am]
BILLING CODE 4000–01–P
VerDate Aug<31>2005
18:10 May 31, 2007
Jkt 211001
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7
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2
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ELECTION ASSISTANCE COMMISSION
Cancellation Notice of a Sunshine Act
Meeting
United States Election
Assistance Commission (EAC).
ACTION: Notice to Cancel EAC Standards
Board Virtual Public Meeting.
AGENCY:
SUMMARY: The U.S. Election Assistance
Commission has cancelled the EAC
Standards Board Virtual Public Meeting
scheduled for Monday, June 18, 2007, 7
a.m. EDT through Wednesday, June 20,
5 p.m. EDT. The meeting was
announced in a sunshine notice that
was published in the Federal Register
on Thursday, May 31, 2007. PERSON
TO CONTACT FOR INFORMATION:
Bryan Whitener, Telephone: (202)
566–3100.
Gracia M. Hillman,
Commissioner, U.S. Election Assistance
Commission.
[FR Doc. 07–2772 Filed 5–30–07; 3:31 pm]
BILLING CODE 6820–KF–M
DEPARTMENT OF ENERGY
Notice of Availability of the Draft
Environmental Impact Statement for
the FutureGen Project
Department of Energy.
Notice of availability and public
hearings.
AGENCY:
ACTION:
SUMMARY: The U.S. Department of
Energy (DOE) announces the availability
PO 00000
Frm 00037
Fmt 4703
Sfmt 4703
$15,000 & up
(percent)
Dependents and
independents
without dependents other than a
spouse
All
(percent)
8
5
1
5
5
6
4
6
4
1
1
2
4
4
4
3
2
6
1
2
6
4
1
4
3
5
3
4
3
1
1
1
4
3
3
2
2
4
1
2
of the document, Draft Environmental
Impact Statement for the FutureGen
Project (DOE/EIS–0394D), for public
comment. The draft environmental
impact statement (EIS) analyzes the
potential environmental consequences
of DOE’s proposed action to provide
federal funding for the FutureGen
Project. The Project would include the
planning, design, construction and
operation of the FutureGen facility, a
prototype electric power and hydrogen
gas generating plant that employs coal
gasification technology integrated with
combined-cycle electricity generation
and the capture and geologic
sequestration of the carbon dioxide
(CO2) emissions. The project would also
include a research platform, which
would be a principal feature of the
prototype plant. The proposed action
would be undertaken by a private
sector, non-profit consortium of
industrial participants known as the
FutureGen Alliance, Inc., (the Alliance).
The Alliance includes some of the
largest coal producers and electricity
generators in the world. Under a
Cooperative Agreement between DOE
and the Alliance, the Alliance would be
primarily responsible for implementing
the FutureGen Project, while DOE
would guide the Alliance at a
programmatic level to ensure the
FutureGen Project’s objectives are met.
The Department prepared the draft
EIS in accordance with the National
Environmental Policy Act of 1969
(NEPA) (42 U.S.C. 4321 et seq.), the
Council on Environmental Quality
E:\FR\FM\01JNN1.SGM
01JNN1
]]>Agencies
[Federal Register Volume 72, Number 105 (Friday, June 1, 2007)]
[Notices]
[Pages 30568-30572]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-10621]
-----------------------------------------------------------------------
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, U.S. Department of Education.
ACTION: Notice of revision of the Federal Need Analysis Methodology for
the 2008-2009 award year.
-----------------------------------------------------------------------
SUMMARY: The Secretary 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
2008-2009 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,
Federal Perkins Loan, Federal Work-Study, Federal Supplemental
Educational Opportunity Grant, 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 Title IV requires the Secretary to adjust
four of the tables--the Income Protection Allowance, the Adjusted Net
Worth of a Farm or Business, 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 2008-2009 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 2006 and December 2007. However, because
the Secretary must publish these tables before December 2007, 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 2006. The Secretary estimates that the increase in the
Consumer Price Index for All Urban Consumers (CPI-U) for the period
December 2006 through December 2007 will be 2.8 percent. Additionally,
the Higher Education Reconciliation Act of 2005 (HERA, Pub. L. 109-171)
modified the updating procedure for the income protection allowance for
dependent students and the income protection allowance tables for both
independent students with dependents other than a spouse and
independent students without dependents other than a spouse. HERA
established new 2007-08 award year values for these income protection
allowances, which are being updated for the 2008-09 award year using
the Secretary's estimated inflation rate of 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 2008-2009 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 family 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 2008-2009 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 $3,080. The income protection allowances for parents of dependent
students for award year 2008-2009 are:
[[Page 30569]]
Parents of Dependent Students
----------------------------------------------------------------------------------------------------------------
Number in college
Family size -----------------------------------------------------------
1 2 3 4 5
----------------------------------------------------------------------------------------------------------------
2................................................... $15,380 $12,750
3................................................... 19,150 16,540 $13,900
4................................................... 23,660 21,020 18,410 $15,770
5................................................... 27,910 25,280 22,660 20,030 $17,410
6................................................... 32,650 30,010 27,400 24,770 22,150
----------------------------------------------------------------------------------------------------------------
For each additional family member add $3,680.
For each additional college student subtract $2,620.
The income protection allowances for independent students with
dependents other than a spouse for award year 2008-2009 are:
Independent Students With Dependents Other Than a Spouse
----------------------------------------------------------------------------------------------------------------
Number in college
Family size -----------------------------------------------------------
1 2 3 4 5
----------------------------------------------------------------------------------------------------------------
2................................................... $15,750 $13,060 .......... .......... ..........
3................................................... 19,610 16,930 $14,240 .......... ..........
4................................................... 24,220 21,530 18,850 $16,150 ..........
5................................................... 28,580 25,880 23,200 20,510 $17,830
6................................................... 33,420 30,730 28,060 25,350 22,680
----------------------------------------------------------------------------------------------------------------
For each additional family member add $3,770.
For each additional college student subtract $2,680.
The income protection allowances for single independent students
and independent students without dependents other than a spouse for
award year 2008-2009 are:
------------------------------------------------------------------------
Number in
Marital status college IPA
------------------------------------------------------------------------
Single.......................................... 1 $6,220
Married......................................... 2 6,220
Married......................................... 1 9,970
------------------------------------------------------------------------
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 Then the adjusted net worth is--
is--
------------------------------------------------------------------------
Less than $1........................... $0.
$1 to $110,000......................... $0 + 40% of NW.
$110,001 to $330,000................... $44,000 + 50% of NW over
$110,000.
$330,001 to $550,000................... $154,000 + 60% of NW over
$330,000.
$550,001 or more....................... $286,000 + 100% of NW over
$550,000.
------------------------------------------------------------------------
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.
[[Page 30570]]
Dependent Students
------------------------------------------------------------------------
------------------------------------------------------------------------
And they are
-------------------------
Two parents One parent
-------------------------
If the age of the student is Then the education
savings and asset
protection allowance is--
------------------------------------------------------------------------
25 or less.................................... 0 0
26............................................ 2,600 1,100
27............................................ 5,100 2,100
28............................................ 7,700 3,200
29............................................ 10,200 4,300
30............................................ 12,800 5,300
31............................................ 15,400 6,400
32............................................ 17,900 7,500
33............................................ 20,500 8,500
34............................................ 23,000 9,600
35............................................ 25,600 10,700
36............................................ 28,200 11,700
37............................................ 30,700 12,800
38............................................ 33,300 13,900
39............................................ 35,800 14,900
40............................................ 38,400 16,000
41............................................ 39,300 16,400
42............................................ 40,300 16,700
43............................................ 41,300 17,100
44............................................ 42,300 17,600
45............................................ 43,400 17,900
46............................................ 44,500 18,300
47............................................ 45,600 18,800
48............................................ 46,700 19,200
49............................................ 47,900 19,700
50............................................ 49,000 20,100
51............................................ 50,500 20,500
52............................................ 51,800 21,000
53............................................ 53,300 21,500
54............................................ 54,600 22,100
55............................................ 56,300 22,600
56............................................ 57,600 23,200
57............................................ 59,300 23,700
58............................................ 61,100 24,400
59............................................ 62,900 25,000
60............................................ 64,700 25,700
61............................................ 66,600 26,300
62............................................ 68,500 27,000
63............................................ 70,800 27,800
64............................................ 72,800 28,500
65 or older................................... 75,200 29,300
------------------------------------------------------------------------
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............................................ 2,600 1,100
27............................................ 5,100 2,100
28............................................ 7,700 3,200
29............................................ 10,200 4,300
30............................................ 12,800 5,300
31............................................ 15,400 6,400
32............................................ 17,900 7,500
33............................................ 20,500 8,500
34............................................ 23,000 9,600
35............................................ 25,600 10,700
36............................................ 28,200 11,700
37............................................ 30,700 12,800
38............................................ 33,300 13,900
39............................................ 35,800 14,900
40............................................ 38,400 16,000
41............................................ 39,300 16,400
42............................................ 40,300 16,700
43............................................ 41,300 17,100
44............................................ 42,300 17,600
45............................................ 43,400 17,900
46............................................ 44,500 18,300
47............................................ 45,600 18,800
48............................................ 46,700 19,200
49............................................ 47,900 19,700
50............................................ 49,000 20,100
51............................................ 50,500 20,500
52............................................ 51,800 21,000
53............................................ 53,300 21,500
54............................................ 54,600 22,100
55............................................ 56,300 22,600
56............................................ 57,600 23,200
57............................................ 59,300 23,700
58............................................ 61,100 24,400
59............................................ 62,900 25,000
60............................................ 64,700 25,700
61............................................ 66,600 26,300
62............................................ 68,500 27,000
63............................................ 70,800 27,800
64............................................ 72,800 28,500
65 or older................................... 75,200 29,300
------------------------------------------------------------------------
Independent Students With 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............................................ 2,600 1,100
27............................................ 5,100 2,100
28............................................ 7,700 3,200
29............................................ 10,200 4,300
30............................................ 12,800 5,300
31............................................ 15,400 6,400
32............................................ 17,900 7,500
33............................................ 20,500 8,500
34............................................ 23,000 9,600
35............................................ 25,600 10,700
36............................................ 28,200 11,700
37............................................ 30,700 12,800
38............................................ 33,300 13,900
39............................................ 35,800 14,900
40............................................ 38,400 16,000
41............................................ 39,300 16,400
42............................................ 40,300 16,700
43............................................ 41,300 17,100
44............................................ 42,300 17,600
45............................................ 43,400 17,900
46............................................ 44,500 18,300
47............................................ 45,600 18,800
48............................................ 46,700 19,200
49............................................ 47,900 19,700
50............................................ 49,000 20,100
51............................................ 50,500 20,500
52............................................ 51,800 21,000
53............................................ 53,300 21,500
54............................................ 54,600 22,100
55............................................ 56,300 22,600
56............................................ 57,600 23,200
57............................................ 59,300 23,700
58............................................ 61,100 24,400
59............................................ 62,900 25,000
60............................................ 64,700 25,700
61............................................ 66,600 26,300
62............................................ 68,500 27,000
63............................................ 70,800 27,800
64............................................ 72,800 28,500
65 or older................................... 75,200 29,300
------------------------------------------------------------------------
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 $13,700.................... 22% of AAI.
$13,701 to $17,300..................... $3,014 + 25% of AAI over
$13,700.
$17,301 to $20,800..................... $3,914 + 29% of AAI over
$17,300.
$20,801 to $24,300..................... $4,929 + 34% of AAI over
$20,800.
$24,301 to $27,800..................... $6,119 + 40% of AAI over
$24,300.
[[Page 30571]]
$27,801 or more........................ $7,519 + 47% of AAI over
$27,800.
------------------------------------------------------------------------
The contribution for an independent student with dependents other
than a spouse is computed according to the following schedule:
------------------------------------------------------------------------
If AAI is-- Then the contribution is--
------------------------------------------------------------------------
Less than -$3,409...................... -$750.
($3,409) to $13,700.................... 22% of AAI.
$13,701 to $17,300..................... $3,014 + 25% of AAI over
$13,700.
$17,301 to $20,800..................... $3,914 + 29% of AAI over
$17,300.
$20,801 to $24,300..................... $4,929 + 34% of AAI over
$20,800.
$24,301 to $27,800..................... $6,119 + 40% of AAI over
$24,300.
$27,801 or more........................ $7,519 + 47% of AAI over
$27,800.
------------------------------------------------------------------------
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 $3,300 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 3
Arkansas............................................... 4 3 3
California............................................. 7 6 5
Colorado............................................... 4 3 3
Connecticut............................................ 7 6 4
Delaware............................................... 4 3 3
District of Columbia................................... 7 6 6
Florida................................................ 3 2 1
Georgia................................................ 6 5 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.............................................. 3 2 2
Maine.................................................. 6 5 4
Maryland............................................... 7 6 5
Massachusetts.......................................... 6 5 4
Michigan............................................... 5 4 3
Minnesota.............................................. 6 5 4
Mississippi............................................ 4 3 2
Missouri............................................... 5 4 3
Montana................................................ 5 4 3
Nebraska............................................... 5 4 3
Nevada................................................. 3 2 1
New Hampshire.......................................... 5 4 1
New Jersey............................................. 8 7 4
New Mexico............................................. 4 3 3
[[Page 30572]]
New York............................................... 9 8 6
North Carolina......................................... 6 5 4
North Dakota........................................... 2 1 1
Ohio................................................... 6 5 4
Oklahoma............................................... 6 5 3
Oregon................................................. 7 6 5
Pennsylvania........................................... 5 4 3
Rhode Island........................................... 7 6 4
South Carolina......................................... 5 4 3
South Dakota........................................... 2 1 1
Tennessee.............................................. 2 1 1
Texas.................................................. 3 2 1
Utah................................................... 5 4 4
Vermont................................................ 5 4 3
Virginia............................................... 5 4 3
Washington............................................. 4 3 2
West Virginia.......................................... 3 2 2
Wisconsin.............................................. 7 6 4
Wyoming................................................ 2 1 1
Other.................................................. 3 2 2
----------------------------------------------------------------------------------------------------------------
You may view this document, as well as all other documents of this
Department published in the Federal Register, in text or Adobe Portable
Document Format (PDF) on the Internet at the following site: https://
www.ed.gov/news/fedregister.
To use PDF you must have Adobe Acrobat Reader, which is available
free at this site. If you have questions about using PDF, call the U.S.
Government Printing Office (GPO), toll free, at 1-888-293-6498; or in
the Washington, DC, area at (202) 512-1530.
Note: The official version of this document is the document
published in the Federal Register. Free Internet access to the
official edition of the Federal Register and the Code of Federal
Regulations is available on GPO Access at: https://www.gpoaccess.gov/
nara/.
(Catalog of Federal Domestic Assistance Numbers: 84.007 Federal
Supplemental Educational Opportunity Grant; 84.032 Federal Family
Education Loan Program; 84.033 Federal Work-Study Program; 84.038
Federal Perkins Loan Program; 84.063 Federal Pell Grant Program;
84.268 William D. Ford Federal Direct Loan Program; 84.375 Academic
Competitiveness Grant; 84.376 National Science and Mathematics
Access to Retain Talent Grant)
Dated: May 29, 2007.
Theresa S. Shaw,
Chief Operating Officer, Federal Student Aid.
[FR Doc. E7-10621 Filed 5-31-07; 8:45 am]
BILLING CODE 4000-01-P
