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, 30904-30908 [E8-11953]
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30904
Federal Register / Vol. 73, No. 104 / Thursday, May 29, 2008 / Notices
Written comments should
be addressed to the Office of
Information and Regulatory Affairs,
Attention: Education Desk Officer,
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SUPPLEMENTARY INFORMATION: Section
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containing proposed information
collection requests prior to submission
of these requests to OMB. Each
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grouped by office, contains the
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Reporting and/or Recordkeeping
burden. OMB invites public comment.
ADDRESSES:
jlentini on PROD1PC65 with NOTICES
Dated: May 22, 2008.
Angela C. Arrington,
IC Clearance Official, Regulatory Information
Management Services, Office of Management.
Institute of Education Sciences
Type of Review: New.
Title: Feasibility and Conduct of an
Impact Evaluation of Title I
Supplemental Education Services.
Frequency: On Occasion.
Affected Public:
Individuals or household.
Reporting and Recordkeeping Hour
Burden:
Responses: 16,667.
Burden Hours: 3,333.
VerDate Aug<31>2005
17:45 May 28, 2008
Jkt 214001
Abstract: The No Child Left Behind
Act (NCLB) requires districts with Title
I schools that fall short of state
standards for three years or more to offer
supplemental educational services (SES)
to their students from low-income
families who attend these schools. SES
are tutoring or other academic support
services offered outside the regular
school day by state-approved providers
free of charge to eligible students.
Parents can choose the specific SES
provider from among a list approved to
serve their area. The U.S. Department of
Education has commissioned
Mathematica Policy Research to
evaluate the impact of SES on student
achievement in up to nine school
districts across the country. Findings of
the study will not only inform national
policy discussions about SES, but will
also provide direct feedback to
participating districts about the
effectiveness of the SES offered to their
students.
Requests for copies of the information
collection submission for OMB review
may be accessed from https://
edicsweb.ed.gov, by selecting the
‘‘Browse Pending Collections’’ link and
by clicking on link number 3634. 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., LBJ, Washington, DC 20202–4537.
Requests may also be electronically
mailed to ICDocketMgr@ed.gov or faxed
to 202–401–0920. 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. E8–11956 Filed 5–28–08; 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.
AGENCY:
PO 00000
Frm 00025
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Notice of revision of the Federal
Need Analysis Methodology for the
2009–2010 award year.
ACTION:
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 2009–2010 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), call the
Federal Relay Service (FRS), toll free at
1–800–877–8339.
Individuals with disabilities can
obtain this document in an alternative
format (e.g., Braille, large print,
audiotape or compact disk) 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 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 2009–2010 the
Secretary is charged with updating the
income protection allowance for parents
of dependent students, adjusted net
worth of a business or farm, and the
assessment schedules and rates to
account for inflation that took place
between December 2007 and December
E:\FR\FM\29MYN1.SGM
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Federal Register / Vol. 73, No. 104 / Thursday, May 29, 2008 / Notices
2008. However, because the Secretary
must publish these tables before
December 2008, 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 2008. The
Secretary estimates that the increase in
the Consumer Price Index for All Urban
Consumers (CPI–U) for the period
December 2007 through December 2008
will be 1.7 percent. Additionally, the
College Cost Reduction and Access Act
(CCRAA, Pub. L. 110–84) 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. CCRAA established new 2009–
2010 award year values for these income
protection allowances. 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 2009–2010 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 2009–2010 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 $3,750. The
income protection allowances for
parents of dependent students for award
year 2009–2010 are:
Parents of dependent students
Family size
Number in college
1
2
3
4
5
6
.........................................................................................................................
.........................................................................................................................
.........................................................................................................................
.........................................................................................................................
.........................................................................................................................
2
$15,840
19,730
24,370
28,750
33,630
The income protection allowances for
independent students with dependents
For each additional family member,
add $3,800.
For each additional college student,
subtract $2,700.
3
$13,130
17,030
21,660
26,040
30,920
4
5
..................
$14,320
18,960
23,340
28,220
..................
..................
$16,250
20,630
25,510
..................
..................
$17,940
22,820
other than a spouse for award year
2009–10 are:
Independent students with dependents other than a spouse
Family size
Number in college
1
2
3
4
5
6
.........................................................................................................................
.........................................................................................................................
.........................................................................................................................
.........................................................................................................................
.........................................................................................................................
jlentini on PROD1PC65 with NOTICES
For each additional family member,
add $4,240.
For each additional college student,
subtract $3,020.
The income protection allowances for
single independent students and
independent students without
dependents other than a spouse for
award year 2009–10 are:
2
$17,720
22,060
27,250
32,150
37,600
$14,690
19,050
24,220
29,120
34,570
3
4
5
..................
$16,020
21,210
26,100
31,570
..................
..................
$18,170
23,070
28,520
..................
..................
..................
$20,060
25,520
income produced from these assets is
already assessed in another part of the
formula; and (2) the formula protects a
Single ....................
1
$7,000 portion of the value of the assets. The
Married ..................
2
7,000 portion of these assets included in the
Married ..................
1
11,220 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 business or farm 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
Number in
college
IPA
If the net worth of a business or farm is—
Then the adjusted net worth is—
Less than $1 ...............................................................................................................................................
$1 to $115,000 ............................................................................................................................................
$115,001 to $340,000 .................................................................................................................................
$340,001 to $565,000 .................................................................................................................................
$0
$0 + 40% of NW
$46,000 + 50% of NW over $115,000
$158,500 + 60% of NW over $340,000
VerDate Aug<31>2005
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Federal Register / Vol. 73, No. 104 / Thursday, May 29, 2008 / Notices
If the net worth of a business or farm is—
Then the adjusted net worth is—
$565,001 or more .......................................................................................................................................
$293,500 + 100% of NW over $565,000
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
If the age of the older
parent is
And they are
Married
Single
jlentini on PROD1PC65 with NOTICES
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 ................
VerDate Aug<31>2005
0
2,900
5,800
8,700
11,600
14,500
17,400
20,300
23,100
26,000
28,900
31,800
34,700
37,600
40,500
43,400
44,200
45,300
46,400
47,600
48,700
49,900
51,200
52,400
53,700
55,300
56,700
58,000
59,800
61,200
63,000
64,900
66,400
68,300
70,300
72,300
74,400
76,600
79,100
81,300
84,000
17:45 May 28, 2008
0
1,200
2,400
3,600
4,800
6,000
7,200
8,400
9,500
10,700
11,900
13,100
14,300
15,500
16,700
17,900
18,200
18,600
19,100
19,500
19,900
20,400
20,900
21,400
21,900
22,400
22,900
23,500
24,000
24,600
25,300
25,900
26,500
27,200
27,900
28,700
29,500
30,300
31,100
32,000
32,800
Jkt 214001
INDEPENDENT STUDENTS WITHOUT
DEPENDENTS OTHER THAN A SPOUSE
If the age of the
student is
And they are
Married
Single
INDEPENDENT STUDENTS WITH DEPENDENTS
OTHER
THAN
A
SPOUSE—Continued
If the age of the
student is
Then the education
savings and asset
protection
allowance is—
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
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
2,900
5,800
8,700
11,600
14,500
17,400
20,300
23,100
26,000
28,900
31,800
34,700
37,600
40,500
43,400
44,200
45,300
46,400
47,600
48,700
49,900
51,200
52,400
53,700
55,300
56,700
58,000
59,800
61,200
63,000
64,900
66,400
68,300
70,300
72,300
74,400
76,600
79,100
81,300
84,000
0
1,200
2,400
3,600
4,800
6,000
7,200
8,400
9,500
10,700
11,900
13,100
14,300
15,500
16,700
17,900
18,200
18,600
19,100
19,500
19,900
20,400
20,900
21,400
21,900
22,400
22,900
23,500
24,000
24,600
25,300
25,900
26,500
27,200
27,900
28,700
29,500
30,300
31,100
32,000
32,800
28 ..............................
8,700
And they are
Married
Single
Then the education
savings and asset
protection
allowance is—
3,600
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 older ................
11,600
14,500
17,400
20,300
23,100
26,000
28,900
31,800
34,700
37,600
40,500
43,400
44,200
45,300
46,400
47,600
48,700
49,900
51,200
52,400
53,700
55,300
56,700
58,000
59,800
61,200
63,000
64,900
66,400
68,300
70,300
72,300
74,400
76,600
79,100
81,300
84,000
4,800
6,000
7,200
8,400
9,500
10,700
11,900
13,100
14,300
15,500
16,700
17,900
18,200
18,600
19,100
19,500
19,900
20,400
20,900
21,400
21,900
22,400
22,900
23,500
24,000
24,600
25,300
25,900
26,500
27,200
27,900
28,700
29,500
30,300
31,100
32,000
32,800
4. Assessment Schedules and Rates.
Two schedules that are subject to
updates, one for parents of dependent
INDEPENDENT STUDENTS WITH
students and one for independent
DEPENDENTS OTHER THAN A SPOUSE students with dependents other than a
spouse, are used to determine the EFC
And they are
toward educational expenses from
If the age of the
student is
family financial resources. For
Married
Single
dependent students, the EFC is derived
Then the education from an assessment of the parents’
savings and asset adjusted available income (AAI). For
protection
allowindependent students with dependents
ance is—
other than a spouse, the EFC is derived
25 or less ..................
0
0 from an assessment of the family’s AAI.
26 ..............................
2,900
1,200 The AAI represents a measure of a
27 ..............................
5,800
2,400 family’s financial strength, which
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30907
Federal Register / Vol. 73, No. 104 / Thursday, May 29, 2008 / Notices
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 ............................................................................................................................................
($3,409) to $14,200 ............................................................................................................................................
$14,201 to $17,800 ............................................................................................................................................
$17,801 to $21,400 ............................................................................................................................................
$21,401 to $25,000 ............................................................................................................................................
$25,001 to $28,600 ............................................................................................................................................
$28,601 or more .................................................................................................................................................
¥$750
22% of AAI
$3,124 + 25%
$4,024 + 29%
$5,068 + 34%
$6,292 + 40%
$7,732 + 47%
The contribution for an independent
student with dependents other than a
of
of
of
of
of
AAI
AAI
AAI
AAI
AAI
over
over
over
over
over
spouse is computed according to the
following schedule:
If AAI is—
Then the contribution is—
Less than ¥$3,409 ............................................................................................................................................
($3,409) to $14,200 ............................................................................................................................................
$14,201 to $17,800 ............................................................................................................................................
$17,801 to $21,400 ............................................................................................................................................
$21,401 to $25,000 ............................................................................................................................................
$25,001 to $28,600 ............................................................................................................................................
$28,601 or more .................................................................................................................................................
¥$750
22% of AAI
$3,124 + 25%
$4,024 + 29%
$5,068 + 34%
$6,292 + 40%
$7,732 + 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
$3,500 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
Under $15,000
(%)
Alabama .................................................................................................................................
Alaska ....................................................................................................................................
Arizona ...................................................................................................................................
Arkansas ................................................................................................................................
California ................................................................................................................................
Colorado ................................................................................................................................
Connecticut ............................................................................................................................
Delaware ................................................................................................................................
District of Columbia ...............................................................................................................
Florida ....................................................................................................................................
Georgia ..................................................................................................................................
Hawaii ....................................................................................................................................
Idaho ......................................................................................................................................
Illinois .....................................................................................................................................
Indiana ...................................................................................................................................
Iowa .......................................................................................................................................
Kansas ...................................................................................................................................
Kentucky ................................................................................................................................
Louisiana ................................................................................................................................
Maine .....................................................................................................................................
Maryland ................................................................................................................................
Massachusetts .......................................................................................................................
VerDate Aug<31>2005
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AAI
AAI
AAI
AAI
AAI
over
over
over
over
over
$14,200
$17,800
$21,400
$25,000
$28,600
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
jlentini on PROD1PC65 with NOTICES
$14,200
$17,800
$21,400
$25,000
$28,600
$15,000 & up
(%)
3
2
4
4
8
5
8
4
7
3
5
5
5
5
4
5
5
5
3
6
8
7
2
1
3
3
7
4
7
3
6
2
4
4
4
4
3
4
4
4
2
5
7
6
E:\FR\FM\29MYN1.SGM
29MYN1
Dependents
and independents without dependents other
than a spouse
All (%)
2
0
3
3
5
3
4
3
6
1
4
4
3
2
3
3
3
4
2
4
5
4
30908
Federal Register / Vol. 73, No. 104 / Thursday, May 29, 2008 / Notices
Parents of dependents and independents with dependents other
than a spouse
State
Under $15,000
(%)
$15,000 & up
(%)
5
6
3
5
5
5
3
5
9
3
9
6
3
6
4
7
6
7
5
2
2
3
5
5
6
4
3
7
2
3
4
5
2
4
4
4
2
4
8
2
8
5
2
5
3
6
5
6
4
1
1
2
4
4
5
3
2
6
1
2
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 .......................................................................................................................
South Dakota .........................................................................................................................
Tennessee .............................................................................................................................
Texas .....................................................................................................................................
Utah .......................................................................................................................................
Vermont .................................................................................................................................
Virginia ...................................................................................................................................
Washington ............................................................................................................................
West Virginia ..........................................................................................................................
Wisconsin ...............................................................................................................................
Wyoming ................................................................................................................................
Other ......................................................................................................................................
Dated: May 22, 2008.
Lawrence A. Warder,
Acting Chief Operating Officer, Federal
Student Aid.
[FR Doc. E8–11953 Filed 5–28–08; 8:45 am]
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.
jlentini on PROD1PC65 with NOTICES
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–
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Notice of Intent To Prepare a
Programmatic Environmental Impact
Statement To Evaluate Solar Energy
Development, Develop and Implement
Agency-Specific Programs, Conduct
Public Scoping Meetings, Amend
Relevant Agency Land Use Plans, and
Provide Notice of Proposed Planning
Criteria
(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)
Program Authority: 20 U.S.C. 1087rr.
VerDate Aug<31>2005
17:45 May 28, 2008
Jkt 214001
BILLING CODE 4000–01–P
DEPARTMENT OF ENERGY
DEPARTMENT OF THE INTERIOR
Bureau of Land Management
AGENCIES: Department of Energy (DOE)
and Bureau of Land Management (BLM),
Department of the Interior (DOI).
ACTION: Notice of Intent.
SUMMARY: In Executive Order 13212,
Actions to Expedite Energy-Related
Projects, the President ordered that
executive departments and agencies
PO 00000
Frm 00029
Fmt 4703
Sfmt 4703
Dependents
and independents without dependents other
than a spouse
All (%)
3
4
2
3
3
3
1
1
4
3
6
4
1
4
3
5
3
4
3
1
1
1
4
3
4
1
2
4
1
2
take appropriate actions ‘‘to expedite
projects that will increase the
production, transmission, or
conservation of energy.’’ In addition,
Title II, Section 211, of the Energy
Policy Act of 2005 (Pub. L. 109–58)
provides that the Secretary of the
Interior (the Secretary) should, within
10 years of enactment of the Act, ‘‘* * *
seek to have approved non-hydropower
renewable energy projects located on
the public lands with a generation
capacity of at least 10,000 megawatts of
electricity.’’ DOE and BLM (the
Agencies) have identified utility-scale
solar energy development as a
potentially critical component in
meeting these mandates. Utility-scale
solar energy projects generate electricity
that is distributed to consumers through
the electric power transmission grid.
The Agencies have determined that
specific actions should be taken to
further such energy development. The
Agencies are considering the
development and implementation of
agency-specific programs that would
establish environmental policies and
mitigation strategies (e.g., best
management practices and siting
criteria) related to solar energy
development in six western states
E:\FR\FM\29MYN1.SGM
29MYN1
]]>Agencies
[Federal Register Volume 73, Number 104 (Thursday, May 29, 2008)]
[Notices]
[Pages 30904-30908]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-11953]
-----------------------------------------------------------------------
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 2009-2010 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
2009-2010 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), call the
Federal Relay Service (FRS), toll free at 1-800-877-8339.
Individuals with disabilities can obtain this document in an
alternative format (e.g., Braille, large print, audiotape or compact
disk) 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 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 2009-2010 the Secretary is charged with updating the
income protection allowance for parents of dependent students, adjusted
net worth of a business or farm, and the assessment schedules and rates
to account for inflation that took place between December 2007 and
December
[[Page 30905]]
2008. However, because the Secretary must publish these tables before
December 2008, 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 2008. The Secretary estimates
that the increase in the Consumer Price Index for All Urban Consumers
(CPI-U) for the period December 2007 through December 2008 will be 1.7
percent. Additionally, the College Cost Reduction and Access Act
(CCRAA, Pub. L. 110-84) 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. CCRAA established new 2009-2010 award year values for these
income protection allowances. 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 2009-2010 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 2009-2010 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 $3,750. The income protection allowances for parents of dependent
students for award year 2009-2010 are:
----------------------------------------------------------------------------------------------------------------
Parents of dependent students
-----------------------------------------------------------
Family size Number in college
-----------------------------------------------------------
1 2 3 4 5
----------------------------------------------------------------------------------------------------------------
2................................................... $15,840 $13,130 .......... .......... ..........
3................................................... 19,730 17,030 $14,320 .......... ..........
4................................................... 24,370 21,660 18,960 $16,250
5................................................... 28,750 26,040 23,340 20,630 $17,940
6................................................... 33,630 30,920 28,220 25,510 22,820
----------------------------------------------------------------------------------------------------------------
For each additional family member, add $3,800.
For each additional college student, subtract $2,700.
The income protection allowances for independent students with
dependents other than a spouse for award year 2009-10 are:
----------------------------------------------------------------------------------------------------------------
Independent students with dependents other than a spouse
-----------------------------------------------------------
Family size Number in college
-----------------------------------------------------------
1 2 3 4 5
----------------------------------------------------------------------------------------------------------------
2................................................... $17,720 $14,690 .......... .......... ..........
3................................................... 22,060 19,050 $16,020 .......... ..........
4................................................... 27,250 24,220 21,210 $18,170 ..........
5................................................... 32,150 29,120 26,100 23,070 $20,060
6................................................... 37,600 34,570 31,570 28,520 25,520
----------------------------------------------------------------------------------------------------------------
For each additional family member, add $4,240.
For each additional college student, subtract $3,020.
The income protection allowances for single independent students
and independent students without dependents other than a spouse for
award year 2009-10 are:
------------------------------------------------------------------------
Number in
Marital status college IPA
------------------------------------------------------------------------
Single.......................................... 1 $7,000
Married......................................... 2 7,000
Married......................................... 1 11,220
------------------------------------------------------------------------
2. Adjusted Net Worth (NW) of a Business or Farm. A portion of the
full net value of a business or farm 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 $115,000............................... $0 + 40% of NW
$115,001 to $340,000......................... $46,000 + 50% of NW over $115,000
$340,001 to $565,000......................... $158,500 + 60% of NW over $340,000
[[Page 30906]]
$565,001 or more............................. $293,500 + 100% of NW over $565,000
----------------------------------------------------------------------------------------------------------------
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 they are
If the age of the older parent is ---------------------
Married Single
------------------------------------------------------------------------
Then the education
savings and asset
protection allowance
is--
------------------------------------------------------------------------
25 or less........................................ 0 0
26................................................ 2,900 1,200
27................................................ 5,800 2,400
28................................................ 8,700 3,600
29................................................ 11,600 4,800
30................................................ 14,500 6,000
31................................................ 17,400 7,200
32................................................ 20,300 8,400
33................................................ 23,100 9,500
34................................................ 26,000 10,700
35................................................ 28,900 11,900
36................................................ 31,800 13,100
37................................................ 34,700 14,300
38................................................ 37,600 15,500
39................................................ 40,500 16,700
40................................................ 43,400 17,900
41................................................ 44,200 18,200
42................................................ 45,300 18,600
43................................................ 46,400 19,100
44................................................ 47,600 19,500
45................................................ 48,700 19,900
46................................................ 49,900 20,400
47................................................ 51,200 20,900
48................................................ 52,400 21,400
49................................................ 53,700 21,900
50................................................ 55,300 22,400
51................................................ 56,700 22,900
52................................................ 58,000 23,500
53................................................ 59,800 24,000
54................................................ 61,200 24,600
55................................................ 63,000 25,300
56................................................ 64,900 25,900
57................................................ 66,400 26,500
58................................................ 68,300 27,200
59................................................ 70,300 27,900
60................................................ 72,300 28,700
61................................................ 74,400 29,500
62................................................ 76,600 30,300
63................................................ 79,100 31,100
64................................................ 81,300 32,000
65 or older....................................... 84,000 32,800
------------------------------------------------------------------------
Independent Students Without Dependents Other Than a Spouse
------------------------------------------------------------------------
And they are
If the age of the student is ---------------------
Married Single
------------------------------------------------------------------------
Then the education
savings and asset
protection allowance
is--
------------------------------------------------------------------------
25 or less........................................ 0 0
26................................................ 2,900 1,200
27................................................ 5,800 2,400
28................................................ 8,700 3,600
29................................................ 11,600 4,800
30................................................ 14,500 6,000
31................................................ 17,400 7,200
32................................................ 20,300 8,400
33................................................ 23,100 9,500
34................................................ 26,000 10,700
35................................................ 28,900 11,900
36................................................ 31,800 13,100
37................................................ 34,700 14,300
38................................................ 37,600 15,500
39................................................ 40,500 16,700
40................................................ 43,400 17,900
41................................................ 44,200 18,200
42................................................ 45,300 18,600
43................................................ 46,400 19,100
44................................................ 47,600 19,500
45................................................ 48,700 19,900
46................................................ 49,900 20,400
47................................................ 51,200 20,900
48................................................ 52,400 21,400
49................................................ 53,700 21,900
50................................................ 55,300 22,400
51................................................ 56,700 22,900
52................................................ 58,000 23,500
53................................................ 59,800 24,000
54................................................ 61,200 24,600
55................................................ 63,000 25,300
56................................................ 64,900 25,900
57................................................ 66,400 26,500
58................................................ 68,300 27,200
59................................................ 70,300 27,900
60................................................ 72,300 28,700
61................................................ 74,400 29,500
62................................................ 76,600 30,300
63................................................ 79,100 31,100
64................................................ 81,300 32,000
65 or older....................................... 84,000 32,800
------------------------------------------------------------------------
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................................................ 2,900 1,200
27................................................ 5,800 2,400
28................................................ 8,700 3,600
29................................................ 11,600 4,800
30................................................ 14,500 6,000
31................................................ 17,400 7,200
32................................................ 20,300 8,400
33................................................ 23,100 9,500
34................................................ 26,000 10,700
35................................................ 28,900 11,900
36................................................ 31,800 13,100
37................................................ 34,700 14,300
38................................................ 37,600 15,500
39................................................ 40,500 16,700
40................................................ 43,400 17,900
41................................................ 44,200 18,200
42................................................ 45,300 18,600
43................................................ 46,400 19,100
44................................................ 47,600 19,500
45................................................ 48,700 19,900
46................................................ 49,900 20,400
47................................................ 51,200 20,900
48................................................ 52,400 21,400
49................................................ 53,700 21,900
50................................................ 55,300 22,400
51................................................ 56,700 22,900
52................................................ 58,000 23,500
53................................................ 59,800 24,000
54................................................ 61,200 24,600
55................................................ 63,000 25,300
56................................................ 64,900 25,900
57................................................ 66,400 26,500
58................................................ 68,300 27,200
59................................................ 70,300 27,900
60................................................ 72,300 28,700
61................................................ 74,400 29,500
62................................................ 76,600 30,300
63................................................ 79,100 31,100
64................................................ 81,300 32,000
65 or older....................................... 84,000 32,800
------------------------------------------------------------------------
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.
[[Page 30907]]
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 $14,200......... 22% of AAI
$14,201 to $17,800.......... $3,124 + 25% of AAI over $14,200
$17,801 to $21,400.......... $4,024 + 29% of AAI over $17,800
$21,401 to $25,000.......... $5,068 + 34% of AAI over $21,400
$25,001 to $28,600.......... $6,292 + 40% of AAI over $25,000
$28,601 or more............. $7,732 + 47% of AAI over $28,600
------------------------------------------------------------------------
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 $14,200......... 22% of AAI
$14,201 to $17,800.......... $3,124 + 25% of AAI over $14,200
$17,801 to $21,400.......... $4,024 + 29% of AAI over $17,800
$21,401 to $25,000.......... $5,068 + 34% of AAI over $21,400
$25,001 to $28,600.......... $6,292 + 40% of AAI over $25,000
$28,601 or more............. $7,732 + 47% of AAI over $28,600
------------------------------------------------------------------------
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 $3,500 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 (%) -----------------
(%) All (%)
----------------------------------------------------------------------------------------------------------------
Alabama................................................... 3 2 2
Alaska.................................................... 2 1 0
Arizona................................................... 4 3 3
Arkansas.................................................. 4 3 3
California................................................ 8 7 5
Colorado.................................................. 5 4 3
Connecticut............................................... 8 7 4
Delaware.................................................. 4 3 3
District of Columbia...................................... 7 6 6
Florida................................................... 3 2 1
Georgia................................................... 5 4 4
Hawaii.................................................... 5 4 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.................................................. 8 7 5
Massachusetts............................................. 7 6 4
[[Page 30908]]
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.................................................... 3 2 1
New Hampshire............................................. 5 4 1
New Jersey................................................ 9 8 4
New Mexico................................................ 3 2 3
New York.................................................. 9 8 6
North Carolina............................................ 6 5 4
North Dakota.............................................. 3 2 1
Ohio...................................................... 6 5 4
Oklahoma.................................................. 4 3 3
Oregon.................................................... 7 6 5
Pennsylvania.............................................. 6 5 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.................................................. 6 5 4
Washington................................................ 4 3 1
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)
Program Authority: 20 U.S.C. 1087rr.
Dated: May 22, 2008.
Lawrence A. Warder,
Acting Chief Operating Officer, Federal Student Aid.
[FR Doc. E8-11953 Filed 5-28-08; 8:45 am]
BILLING CODE 4000-01-P
