Federal Need Analysis Methodology for the 2015-16 Award Year-Federal Pell Grant, Federal Perkins Loan, Federal Work-Study, Federal Supplemental Educational Opportunity Grant, William D. Ford Federal Direct Loan, Iraq and Afghanistan Service Grant and TEACH Grant Programs, 31103-31109 [2014-12569]
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Federal Register / Vol. 79, No. 104 / Friday, May 30, 2014 / Notices
version of your GAN. We may notify
you informally, also.
If your application is not evaluated or
not selected for funding, we notify you.
2. Administrative and National Policy
Requirements: We identify
administrative and national policy
requirements in the application package
and reference these and other
requirements in the Applicable
Regulations section of this notice.
We reference the regulations outlining
the terms and conditions of an award in
the Applicable Regulations section of
this notice and include these and other
specific conditions in the GAN. The
GAN also incorporates your approved
application as part of your binding
commitments under the grant.
3. Reporting: (a) If you apply for a
grant under these competitions, you
must ensure that you have in place the
necessary processes and systems to
comply with the reporting requirements
in 2 CFR part 170.110(b).
(b) At the end of your project period,
you must submit a final performance
report, including financial information,
as directed by the Secretary. If you
receive a multi-year award, you must
submit an annual performance report
that provides the most current
performance and financial expenditure
information as specified by the
Secretary in 34 CFR 75.118. The
Secretary may also require more
frequent performance reports under 34
CFR 75.720(c). For the NRC and FLAS
Programs, final and annual reports must
be submitted into the International
Resource Information System (IRIS)
online data and reporting system. You
can view the performance report screens
and instructions at:
https://iris.ed.gov/iris/pdfs/NRC.pdf
https://iris.ed.gov/iris/pdfs/FLAS_
director.pdf
https://iris.ed.gov/iris/pdfs/FLAS_
fellow.pdf.
4. Performance Measures: The
Secretary has established the following
key performance measures for assessing
the effectiveness of the NRC Program
and the FLAS Program:
NRC Program
a. Percentage of priority languages
defined by the Secretary taught at NRCs.
b. Percentage of NRC grants teaching
intermediate or advanced courses in
priority languages as defined by the
Secretary.
c. Percentage of NRCs that increased
the number of intermediate or advanced
level language courses in the priority
and/or LCTLs during the course of the
grant period (long-term measure).
d. Percentage of NRCs that increased
the number of certificate, minor, or
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18:23 May 29, 2014
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major degree programs in the priority
and/or LCTLs, area studies, or
international studies during the course
of the four-year grant period.
e. Percentage of less and least
commonly taught languages as defined
by the Secretary taught at Title VI NRCs.
f. Cost per NRC that increased the
number of intermediate or advanced
level language courses in the priority
and/or LCTLs during the course of the
grant period.
FLAS Program
a. Percentage of FLAS-graduated
fellows who secured employment that
utilizes their foreign language and area
studies skills within eight years after
graduation based on a FLAS tracking
survey.
b. Percentage of FLAS master’s and
doctoral graduates who studied priority
languages as defined by the Secretary.
c. Percentage of FLAS fellows who
increased their foreign language reading,
writing, and/or listening/speaking
scores by at least one proficiency level.
d. Cost per FLAS fellowship program
fellow who increased his/her reading,
writing, and/or listening/speaking
language score by at least one
proficiency level.
5. Continuation Awards: In making a
continuation award, the Secretary may
consider, under 34 CFR 75.253, the
extent to which a grantee has made
‘‘substantial progress toward meeting
the objectives in its approved
application.’’ This consideration
includes review of a grantee’s progress
in meeting the targets and projected
outcomes in its approved application,
and whether the grantee has expended
funds in a manner that is consistent
with its approved application and
budget. In making a continuation grant,
the Secretary also considers whether the
grantee is operating in compliance with
the assurances in its approved
application, including those applicable
to Federal civil rights laws that prohibit
discrimination in programs or activities
receiving Federal financial assistance
from the Department (34 CFR 100.4,
104.5, 106.4, 108.8, and 110.23).
VII. Agency Contact
The
following persons on the NRC/FLAS
team: Tim Duvall, Telephone: (202)
502–7622 or by email: tim.duvall@
ed.gov; Cheryl E. Gibbs, Telephone:
(202) 502–7634 or by email:
cheryl.gibbs@ed.gov; Kate Maloney,
Telephone: (202) 502–7521 or by email:
kate.maloney@ed.gov; or Stephanie
McKissic, Telephone: (202) 502–7589 or
by email: stephanie.mckissic@ed.gov,
U.S. Department of Education, 1990 K
FOR FURTHER INFORMATION CONTACT:
PO 00000
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31103
Street NW., Washington, DC 20006–
8521.
If you use a TDD or a TTY, call the
FRS, toll free, at 1–800–877–8339.
VIII. Other Information
Accessible Format: Individuals with
disabilities can obtain this document
and a copy of the application package in
an accessible format (e.g., braille, large
print, audiotape, or compact disc) on
request to the program contact person
listed under FOR FURTHER INFORMATION
CONTACT in section VII of this notice.
Electronic Access to This Document:
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 via the Federal Digital System
at: www.gpo.gov/fdsys. At this site you
can 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). To use PDF you must
have Adobe Acrobat Reader, which is
available free at this site.
You may also access documents of the
Department published in the Federal
Register by using the article search
function at www.federalregister.gov.
Specifically, through the advanced
search feature at this site, you can limit
your search to documents published by
the Department.
Dated: May 27, 2014.
Lynn B. Mahaffie,
Senior Director, Policy Coordination,
Development, and Accreditation Service,
delegated the authority to perform the
functions and duties of the Assistant
Secretary for Postsecondary Education.
[FR Doc. 2014–12581 Filed 5–29–14; 8:45 am]
BILLING CODE 4000–01–P
DEPARTMENT OF EDUCATION
Federal Need Analysis Methodology
for the 2015–16 Award Year—Federal
Pell Grant, Federal Perkins Loan,
Federal Work-Study, Federal
Supplemental Educational Opportunity
Grant, William D. Ford Federal Direct
Loan, Iraq and Afghanistan Service
Grant and TEACH Grant Programs
Federal Student Aid,
Department of Education.
ACTION: Notice.
AGENCY:
Catalog of Federal Domestic
Assistance (CFDA) Numbers: 84.063;
84.038; 84.033; 84.007; 84.268; 84.408;
84.379.
SUMMARY: The Secretary announces the
annual updates to the tables used in the
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Federal Register / Vol. 79, No. 104 / Friday, May 30, 2014 / Notices
statutory Federal Need Analysis
Methodology that determines a
student’s expected family contribution
(EFC) for award year 2015–16 for these
student financial aid programs. The
intent of this notice is to alert the
financial aid community and the
broader public to these required annual
updates used in the determination of
student aid eligibility.
FOR FURTHER INFORMATION CONTACT:
Marya Dennis, U.S. Department of
Education, Room 63G2, Union Center
Plaza, 830 First Street NE., Washington,
DC 20202–5454. Telephone: (202) 377–
3385.
If you use a telecommunications
device for the deaf (TDD) or a text
telephone (TTY), call the Federal Relay
Service (FRS), toll free, at 1–800–877–
8339.
Part F of
title IV of the Higher Education Act of
1965, as amended (HEA), specifies the
criteria, data elements, calculations, and
tables the Department uses in the
Federal Need Analysis Methodology to
determine the EFC.
Section 478 of part F of title IV of the
HEA requires the Secretary to annually
update the following four tables for
price inflation—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. The updates are
based, in general, upon increases in the
Consumer Price Index (CPI).
For award year 2015–16, the Secretary
is charged with updating the income
protection allowance for parents of
SUPPLEMENTARY INFORMATION:
dependent students, adjusted net worth
of a business or farm, the Education
Savings and Asset Protection Allowance
and the assessment schedules and rates
to account for inflation that took place
between December 2013 and December
2014. However, because the Secretary
must publish these tables before
December 2014, the increases in the
tables must be based on a percentage
equal to the estimated percentage
increase in the Consumer Price Index
for All Urban Consumers (CPI–U) for
2014. The Secretary must also account
for any misestimation of inflation for the
immediately preceding year.
In developing the table values for the
2014–15 award year, the Secretary
assumed a 2.5 percent increase in the
CPI–U for the period December 2012
through December 2013. Actual
inflation for this time period was 1.5
percent. The Secretary estimates that the
increase in the CPI–U for the period
December 2013 through December 2014
will be 1.8 percent.
Additionally, section 601 of the
College Cost Reduction and Access Act
of 2007 (CCRAA, Pub. L. 110–84)
amended sections 475 through 478 of
the HEA affecting the income protection
allowance (IPA) tables for the 2009–10
through 2012–13 award years and
required the Department to use a
percentage of the estimated Consumer
Price Index to update the table in
subsequent years. These changes to the
IPA impact dependent students, as well
as independent students with
dependents other than a spouse and
independent students without
dependents other than a spouse. As
amended by the CCRAA, this notice
includes the new 2015–16 award year
values for the IPA tables. The updated
tables are in sections 1 (Income
Protection allowance), 2 (Adjusted Net
Worth (NW) of a Business or Farm), and
4 (Assessment Schedules and Rates) of
this notice.
As provided for in HEA section
478(d), the Secretary must also revise
the education savings and asset
protection allowances for each award
year. The Education Savings and Asset
Protection Allowance table for award
year 2015–16 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 on
increases in the Bureau of Labor
Statistics’ marginal costs budget for a
two-worker family compared to a oneworker family. The items covered by
this calculation are: Food away from
home, apparel, transportation, and
household furnishings and operations.
The Employment Expense Allowance
table for award year 2015–16 has been
updated in section 5 of this notice.
The HEA requires the following
annual updates:
1. Income Protection Allowance (IPA).
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. The allowance varies by family
size. The IPA for the dependent student
is $6,310. The IPAs for parents of
dependent students for award year
2015–16 are as follows:
PARENTS OF DEPENDENT STUDENTS
Number in college
Family
size
2
3
4
5
6
1
.........................................................................................................................
.........................................................................................................................
.........................................................................................................................
.........................................................................................................................
.........................................................................................................................
mstockstill on DSK4VPTVN1PROD with NOTICES
For each additional family member
add $4,210. For each additional college
student subtract $2,990.
$17,580
21,890
27,040
31,900
37,310
2
3
$14,570
18,900
24,030
28,890
34,310
4
5
..................
$15,890
21,040
25,900
31,310
..................
..................
$18,030
22,890
28,310
..................
..................
..................
$19,900
25,320
The IPAs for independent students
with dependents other than a spouse for
award year 2015–16 are as follows:
INDEPENDENT STUDENTS WITH DEPENDENTS OTHER THAN A SPOUSE
Number in college
Family
size
2
3
4
5
1
.........................................................................................................................
.........................................................................................................................
.........................................................................................................................
.........................................................................................................................
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$24,840
30,920
38,180
45,060
2
$20,590
26,700
33,950
40,800
E:\FR\FM\30MYN1.SGM
3
4
5
..................
$22,450
29,720
36,570
..................
..................
$25,470
32,340
..................
..................
..................
$28,110
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Federal Register / Vol. 79, No. 104 / Friday, May 30, 2014 / Notices
INDEPENDENT STUDENTS WITH DEPENDENTS OTHER THAN A SPOUSE—Continued
Number in college
Family
size
1
6 .........................................................................................................................
For each additional family member
add $5,950.
For each additional college student
subtract $4,230.
The IPAs for single independent
students and independent students
without dependents other than a spouse
for award year 2015–16 are as follows:
Number
in
college
Marital status
Single ................
1
2
3
4
5
52,690
48,450
44,240
39,970
35,760
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
Married ..............
2
9,810
Married ..............
1
15,720 in the contribution calculation is
computed according to the following
schedule. This schedule is used for
2. Adjusted Net Worth (NW) of a
parents of dependent students,
Business or Farm. A portion of the full
independent students without
NW (assets less debts) of a business or
IPA
farm is excluded from the calculation of dependents other than a spouse, and
an expected contribution because (1) the independent students with dependents
other than a spouse.
$9,810 income produced from these assets is
Number
in
college
Marital status
IPA
If the NW of a business or farm is
Then the adjusted NW is
Less than $1 ............................................................................................................................................
$1 To $125,000 ........................................................................................................................................
$125,001 To $375,000 .............................................................................................................................
$375,001 To $625,000 .............................................................................................................................
$625,001 or more .....................................................................................................................................
$0.
$0 + 40% of NW.
$50,000 + 50% of NW over $125,000.
$175,000 + 60% of NW over $375,000.
$325,000 + 100% of NW over $625,000.
3. Education Savings and Asset
Protection Allowance. This allowance
protects a portion of NW (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.
PARENTS OF DEPENDENT STUDENTS
And they are
Married
mstockstill on DSK4VPTVN1PROD with NOTICES
If the age of the older parent 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
Then the education savings and asset protection allowance is
or less .................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
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0
1,700
3,300
5,000
6,700
8,400
10,000
11,700
13,400
15,100
16,700
18,400
20,100
21,800
23,400
25,100
25,600
26,200
26,900
27,500
28,200
28,800
29,500
30,300
31,100
31,800
30MYN1
0
500
900
1,400
1,800
2,300
2,700
3,200
3,600
4,100
4,500
5,000
5,400
5,900
6,300
6,800
6,900
7,100
7,200
7,400
7,500
7,700
7,900
8,100
8,300
8,500
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Federal Register / Vol. 79, No. 104 / Friday, May 30, 2014 / Notices
PARENTS OF DEPENDENT STUDENTS—Continued
And they are
Married
If the age of the older parent is
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
Single
Then the education savings and asset protection allowance is
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
or older ...............................................................................................................................
32,700
33,500
34,400
35,400
36,300
37,300
38,300
39,400
40,500
41,700
42,900
44,100
45,400
46,700
48,100
8,700
8,900
9,100
9,300
9,500
9,800
10,000
10,200
10,500
10,800
11,000
11,300
11,600
11,900
12,300
INDEPENDENT STUDENTS WITH DEPENDENTS OTHER THAN A SPOUSE
And they are
Married
mstockstill on DSK4VPTVN1PROD with NOTICES
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
Then the education savings and asset protection allowance is
or less .................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
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or older ...............................................................................................................................
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0
1,700
3,300
5,000
6,700
8,400
10,000
11,700
13,400
15,100
16,700
18,400
20,100
21,800
23,400
25,100
25,600
26,200
26,900
27,500
28,200
28,800
29,500
30,300
31,100
31,800
32,700
33,500
34,400
35,400
36,300
37,300
38,300
39,400
40,500
41,700
42,900
44,100
45,400
46,700
48,100
30MYN1
0
500
900
1,400
1,800
2,300
2,700
3,200
3,600
4,100
4,500
5,000
5,400
5,900
6,300
6,800
6,900
7,100
7,200
7,400
7,500
7,700
7,900
8,100
8,300
8,500
8,700
8,900
9,100
9,300
9,500
9,800
10,000
10,200
10,500
10,800
11,000
11,300
11,600
11,900
12,300
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INDEPENDENT STUDENTS WITHOUT DEPENDENTS OTHER THAN A SPOUSE
And they are
Married
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
Then the education savings and asset protection allowance is
or less .................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
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.............................................................................................................................................
.............................................................................................................................................
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.............................................................................................................................................
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.............................................................................................................................................
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.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
.............................................................................................................................................
or older ...............................................................................................................................
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
from family financial resources toward
educational expenses. 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.
0
1,700
3,300
5,000
6,700
8,400
10,000
11,700
13,400
15,100
16,700
18,400
20,100
21,800
23,400
25,100
25,600
26,200
26,900
27,500
28,200
28,800
29,500
30,300
31,100
31,800
32,700
33,500
34,400
35,400
36,300
37,300
38,300
39,400
40,500
41,700
42,900
44,100
45,400
46,700
48,100
mstockstill on DSK4VPTVN1PROD with NOTICES
Then the contribution is
Less than ¥$3,409 ..................................................................................................................................
($3,409) To $15,700 ................................................................................................................................
$15,701 To $19,700 .................................................................................................................................
$19,701 To $23,700 .................................................................................................................................
$23,701 To $27,700 .................................................................................................................................
$27,701 To $31,700 .................................................................................................................................
$31,701 or more .......................................................................................................................................
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¥$750.
22% Of AAI.
$3,454 + 25%
$4,454 + 29%
$5,614 + 34%
$6,974 + 40%
$8,574 + 47%
spouse is computed according to the
following schedule:
PO 00000
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0
500
900
1,400
1,800
2,300
2,700
3,200
3,600
4,100
4,500
5,000
5,400
5,900
6,300
6,800
6,900
7,100
7,200
7,400
7,500
7,700
7,900
8,100
8,300
8,500
8,700
8,900
9,100
9,300
9,500
9,800
10,000
10,200
10,500
10,800
11,000
11,300
11,600
11,900
12,300
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
The contribution for an independent
student with dependents other than a
Single
Fmt 4703
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E:\FR\FM\30MYN1.SGM
30MYN1
Of
Of
Of
Of
Of
AAI
AAI
AAI
AAI
AAI
over
over
over
over
over
$15,700.
$19,700.
$23,700.
$27,700.
$31,700.
31108
Federal Register / Vol. 79, No. 104 / Friday, May 30, 2014 / Notices
If AAI is
Then the contribution is
Less than ¥$3,409 ..................................................................................................................................
($3,409) To $15,700 ................................................................................................................................
$15,701 To $19,700 .................................................................................................................................
$19,701 To $23,700 .................................................................................................................................
$23,701 To $27,700 .................................................................................................................................
$27,701 To $31,700 .................................................................................................................................
$31,701 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 on
the marginal differences in costs for a
two-worker family compared to a oneworker family. The items covered by
these additional expenses are: 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
$4,000 or 35 percent of earned income.
6. Allowance for State and Other
Taxes. The allowance for State and
other taxes protects a portion of parents’
and students’ incomes from being
considered available for postsecondary
¥$750.
22% Of AAI.
$3,454 + 25%
$4,454 + 29%
$5,614 + 34%
$6,974 + 40%
$8,574 + 47%
Of
Of
Of
Of
Of
AAI
AAI
AAI
AAI
AAI
State
Percent of total income
mstockstill on DSK4VPTVN1PROD with NOTICES
Under $15,000
VerDate Mar<15>2010
18:23 May 29, 2014
Jkt 232001
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$15,700.
$19,700.
$23,700.
$27,700.
$31,700.
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
independents with dependents other
than a spouse
Alabama ...........................................................................................................................
Alaska ..............................................................................................................................
Arizona .............................................................................................................................
Arkansas ..........................................................................................................................
California ..........................................................................................................................
Colorado ..........................................................................................................................
Connecticut ......................................................................................................................
Delaware ..........................................................................................................................
District of Columbia .........................................................................................................
Florida ..............................................................................................................................
Georgia ............................................................................................................................
Hawaii ..............................................................................................................................
Idaho ................................................................................................................................
Illinois ...............................................................................................................................
Indiana .............................................................................................................................
Iowa .................................................................................................................................
Kansas .............................................................................................................................
Kentucky ..........................................................................................................................
Louisiana ..........................................................................................................................
Maine ...............................................................................................................................
Maryland ..........................................................................................................................
Massachusetts .................................................................................................................
Michigan ...........................................................................................................................
Minnesota ........................................................................................................................
Mississippi ........................................................................................................................
Missouri ............................................................................................................................
Montana ...........................................................................................................................
Nebraska ..........................................................................................................................
Nevada .............................................................................................................................
New Hampshire ...............................................................................................................
New Jersey ......................................................................................................................
New Mexico .....................................................................................................................
New York .........................................................................................................................
North Carolina ..................................................................................................................
North Dakota ....................................................................................................................
Ohio .................................................................................................................................
Oklahoma .........................................................................................................................
Oregon .............................................................................................................................
Pennsylvania ....................................................................................................................
Rhode Island ....................................................................................................................
South Carolina .................................................................................................................
over
over
over
over
over
$15,000 & Up
3%
2
4
4
8
4
8
5
7
3
5
4
5
6
4
5
5
5
3
6
8
7
5
6
3
5
5
5
3
5
9
3
9
6
2
5
3
7
5
7
5
E:\FR\FM\30MYN1.SGM
2%
1
3
3
7
3
7
4
6
2
4
3
4
5
3
4
4
4
2
5
7
6
4
5
2
4
4
4
2
4
8
2
8
5
1
4
2
6
4
6
4
30MYN1
Dependents and
independents
without
dependents other
than a spouse
All
2%
0
2
3
5
3
5
3
5
1
3
4
3
3
3
3
3
4
2
4
5
4
3
4
2
3
3
3
1
1
4
2
6
4
1
4
2
5
3
4
3
31109
Federal Register / Vol. 79, No. 104 / Friday, May 30, 2014 / Notices
Parents of dependents and
independents with dependents other
than a spouse
State
Percent of total income
Under $15,000
South Dakota ...................................................................................................................
Tennessee .......................................................................................................................
Texas ...............................................................................................................................
Utah .................................................................................................................................
Vermont ...........................................................................................................................
Virginia .............................................................................................................................
Washington ......................................................................................................................
West Virginia ....................................................................................................................
Wisconsin .........................................................................................................................
Wyoming ..........................................................................................................................
Other ................................................................................................................................
Accessible Format: Individuals with
disabilities can obtain this document in
an accessible format (e.g., braille, large
print, audiotape, or compact disc) on
request to the contact person listed
under FOR FURTHER INFORMATION
CONTACT in this notice.
Electronic Access to This Document:
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 via the Federal Digital System
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Register by using the article search
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Specifically, through the advanced
search feature at this site, you can limit
your search to documents published by
the Department.
Program Authority: 20 U.S.C. 1087rr.
Dated: May 27, 2014.
James W. Runcie,
Chief Operating Officer Federal Student Aid.
[FR Doc. 2014–12569 Filed 5–29–14; 8:45 am]
BILLING CODE 4000–01–P
mstockstill on DSK4VPTVN1PROD with NOTICES
DEPARTMENT OF ENERGY
President’s Council of Advisors on
Science and Technology
Department of Energy.
Notice of open teleconference.
AGENCY:
ACTION:
This notice sets forth the
schedule and summary agenda for a
conference call of the President’s
SUMMARY:
VerDate Mar<15>2010
18:23 May 29, 2014
Jkt 232001
Council of Advisors on Science and
Technology (PCAST) and describes the
functions of the Council. Notice of this
meeting is required under the Federal
Advisory Committee Act (FACA), 5
U.S.C., App. The purpose of this
conference call is to discuss PCAST’s
antimicrobial resistance report.
DATES: The public conference call will
be held on Thursday, June 12, 2014
from 3:30 p.m. to 4:30 p.m., Eastern
Time (e.t.). To receive the call-in
information, attendees should register
for the conference call on the PCAST
Web site, https://www.whitehouse.gov/
ostp/pcast no later than 12:00 p.m. e.t.
on Tuesday, June 10, 2014.
FOR FURTHER INFORMATION CONTACT:
Information regarding the call agenda,
time, and how to register for the call is
available on the PCAST Web site at:
https://www.whitehouse.gov/ostp/pcast.
Questions about the conference call
should be directed to Dr. Ashley
Predith, PCAST Assistant Executive
Director, at apredith@ostp.eop.gov,
(202) 456–4444.
SUPPLEMENTARY INFORMATION: The
President’s Council of Advisors on
Science and Technology (PCAST) is an
advisory group of the nation’s leading
scientists and engineers, appointed by
the President to augment the science
and technology advice available to him
from inside the White House and from
cabinet departments and other Federal
agencies. See the Executive Order at
https://www.whitehouse.gov/ostp/pcast.
PCAST is consulted about and provides
analyses and recommendations
concerning a wide range of issues where
understandings from the domains of
science, technology, and innovation
may bear on the policy choices before
the President. PCAST is co-chaired by
Dr. John P. Holdren, Assistant to the
President for Science and Technology,
and Director, Office of Science and
Technology Policy, Executive Office of
PO 00000
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$15,000 & Up
2%
2
3
5
6
6
3
3
7
2
2
1%
1
2
4
5
5
2
2
6
1
1
Dependents and
independents
without
dependents other
than a spouse
All
1%
1
1
3
3
4
1
3
4
1
2
the President, The White House; and Dr.
Eric S. Lander, President, Broad
Institute of the Massachusetts Institute
of Technology and Harvard.
Type of Meeting: Open.
Proposed Schedule and Agenda: The
President’s Council of Advisors on
Science and Technology (PCAST) is
scheduled to hold a conference call in
open session on Thursday, June 12,
2014 from 3:30 p.m. to 4:30 p.m.
During the conference call, PCAST
will discuss its antimicrobial resistance
report. Additional information and the
agenda, including any changes that
arise, will be posted at the PCAST Web
site at: https://www.whitehouse.gov/ostp/
pcast.
Public Comments: PCAST’s policy is
to accept written public comments of
any length and to accommodate oral
public comments whenever possible.
The PCAST expects that public
statements presented at its meetings will
not be repetitive of previously
submitted oral or written statements.
The public comment period for this
meeting will take place on June 12, 2014
at a time specified in the meeting
agenda posted on the PCAST Web site
at https://www.whitehouse.gov/ostp/
pcast. This public comment period is
designed only for substantive
commentary on PCAST’s work, not for
business marketing purposes.
Oral Comments: To be considered for
the public speaker list at the meeting,
interested parties should register to
speak at https://www.whitehouse.gov/
ostp/pcast, no later than 12:00 p.m. e.t.
on Thursday, June 5, 2014. Phone or
email reservations to be considered for
the public speaker list will not be
accepted. To accommodate as many
speakers as possible, the time for public
comments will be limited to two (2)
minutes per person, with a total public
comment period of 10 minutes. If more
speakers register than there is space
available on the agenda, PCAST will
E:\FR\FM\30MYN1.SGM
30MYN1
]]>Agencies
[Federal Register Volume 79, Number 104 (Friday, May 30, 2014)]
[Notices]
[Pages 31103-31109]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-12569]
-----------------------------------------------------------------------
DEPARTMENT OF EDUCATION
Federal Need Analysis Methodology for the 2015-16 Award Year--
Federal Pell Grant, Federal Perkins Loan, Federal Work-Study, Federal
Supplemental Educational Opportunity Grant, William D. Ford Federal
Direct Loan, Iraq and Afghanistan Service Grant and TEACH Grant
Programs
AGENCY: Federal Student Aid, Department of Education.
ACTION: Notice.
-----------------------------------------------------------------------
Catalog of Federal Domestic Assistance (CFDA) Numbers: 84.063;
84.038; 84.033; 84.007; 84.268; 84.408; 84.379.
SUMMARY: The Secretary announces the annual updates to the tables used
in the
[[Page 31104]]
statutory Federal Need Analysis Methodology that determines a student's
expected family contribution (EFC) for award year 2015-16 for these
student financial aid programs. The intent of this notice is to alert
the financial aid community and the broader public to these required
annual updates used in the determination of student aid eligibility.
FOR FURTHER INFORMATION CONTACT: Marya Dennis, U.S. Department of
Education, Room 63G2, Union Center Plaza, 830 First Street NE.,
Washington, DC 20202-5454. Telephone: (202) 377-3385.
If you use a telecommunications device for the deaf (TDD) or a text
telephone (TTY), call the Federal Relay Service (FRS), toll free, at 1-
800-877-8339.
SUPPLEMENTARY INFORMATION: Part F of title IV of the Higher Education
Act of 1965, as amended (HEA), specifies the criteria, data elements,
calculations, and tables the Department uses in the Federal Need
Analysis Methodology to determine the EFC.
Section 478 of part F of title IV of the HEA requires the Secretary
to annually update the following four tables for price inflation--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. The updates are based, in general, upon
increases in the Consumer Price Index (CPI).
For award year 2015-16, the Secretary is charged with updating the
income protection allowance for parents of dependent students, adjusted
net worth of a business or farm, the Education Savings and Asset
Protection Allowance and the assessment schedules and rates to account
for inflation that took place between December 2013 and December 2014.
However, because the Secretary must publish these tables before
December 2014, the increases in the tables must be based on a
percentage equal to the estimated percentage increase in the Consumer
Price Index for All Urban Consumers (CPI-U) for 2014. The Secretary
must also account for any misestimation of inflation for the
immediately preceding year.
In developing the table values for the 2014-15 award year, the
Secretary assumed a 2.5 percent increase in the CPI-U for the period
December 2012 through December 2013. Actual inflation for this time
period was 1.5 percent. The Secretary estimates that the increase in
the CPI-U for the period December 2013 through December 2014 will be
1.8 percent.
Additionally, section 601 of the College Cost Reduction and Access
Act of 2007 (CCRAA, Pub. L. 110-84) amended sections 475 through 478 of
the HEA affecting the income protection allowance (IPA) tables for the
2009-10 through 2012-13 award years and required the Department to use
a percentage of the estimated Consumer Price Index to update the table
in subsequent years. These changes to the IPA impact dependent
students, as well as independent students with dependents other than a
spouse and independent students without dependents other than a spouse.
As amended by the CCRAA, this notice includes the new 2015-16 award
year values for the IPA tables. The updated tables are in sections 1
(Income Protection allowance), 2 (Adjusted Net Worth (NW) of a Business
or Farm), and 4 (Assessment Schedules and Rates) of this notice.
As provided for in HEA section 478(d), the Secretary must also
revise the education savings and asset protection allowances for each
award year. The Education Savings and Asset Protection Allowance table
for award year 2015-16 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 on increases in the Bureau of
Labor Statistics' marginal costs budget for a two-worker family
compared to a one-worker family. The items covered by this calculation
are: Food away from home, apparel, transportation, and household
furnishings and operations. The Employment Expense Allowance table for
award year 2015-16 has been updated in section 5 of this notice.
The HEA requires the following annual updates:
1. Income Protection Allowance (IPA). 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. The allowance
varies by family size. The IPA for the dependent student is $6,310. The
IPAs for parents of dependent students for award year 2015-16 are as
follows:
Parents of Dependent Students
----------------------------------------------------------------------------------------------------------------
Number in college
Family size -----------------------------------------------------------
1 2 3 4 5
----------------------------------------------------------------------------------------------------------------
2................................................... $17,580 $14,570 .......... .......... ..........
3................................................... 21,890 18,900 $15,890 .......... ..........
4................................................... 27,040 24,030 21,040 $18,030 ..........
5................................................... 31,900 28,890 25,900 22,890 $19,900
6................................................... 37,310 34,310 31,310 28,310 25,320
----------------------------------------------------------------------------------------------------------------
For each additional family member add $4,210. For each additional
college student subtract $2,990.
The IPAs for independent students with dependents other than a
spouse for award year 2015-16 are as follows:
Independent Students With Dependents Other Than a Spouse
----------------------------------------------------------------------------------------------------------------
Number in college
Family size -----------------------------------------------------------
1 2 3 4 5
----------------------------------------------------------------------------------------------------------------
2................................................... $24,840 $20,590 .......... .......... ..........
3................................................... 30,920 26,700 $22,450 .......... ..........
4................................................... 38,180 33,950 29,720 $25,470 ..........
5................................................... 45,060 40,800 36,570 32,340 $28,110
[[Page 31105]]
6................................................... 52,690 48,450 44,240 39,970 35,760
----------------------------------------------------------------------------------------------------------------
For each additional family member add $5,950.
For each additional college student subtract $4,230.
The IPAs for single independent students and independent students
without dependents other than a spouse for award year 2015-16 are as
follows:
------------------------------------------------------------------------
Number in
Marital status college IPA
------------------------------------------------------------------------
Single........................................ 1 $9,810
Married....................................... 2 9,810
Married....................................... 1 15,720
------------------------------------------------------------------------
2. Adjusted Net Worth (NW) of a Business or Farm. A portion of the
full NW (assets less debts) 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 NW of a business or farm is Then the adjusted NW is
----------------------------------------------------------------------------------------------------------------
Less than $1................................ $0.
$1 To $125,000.............................. $0 + 40% of NW.
$125,001 To $375,000........................ $50,000 + 50% of NW over $125,000.
$375,001 To $625,000........................ $175,000 + 60% of NW over $375,000.
$625,001 or more............................ $325,000 + 100% of NW over $625,000.
----------------------------------------------------------------------------------------------------------------
3. Education Savings and Asset Protection Allowance. This allowance
protects a portion of NW (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.
Parents of Dependent Students
----------------------------------------------------------------------------------------------------------------
And they are
-------------------------------------------------
Married Single
----------------------------------------------------------------------------------------------------------------
If the age of the older parent is Then the education savings and asset protection
allowance is
----------------------------------------------------------------------------------------------------------------
25 or less.................................................... 0 0
26............................................................ 1,700 500
27............................................................ 3,300 900
28............................................................ 5,000 1,400
29............................................................ 6,700 1,800
30............................................................ 8,400 2,300
31............................................................ 10,000 2,700
32............................................................ 11,700 3,200
33............................................................ 13,400 3,600
34............................................................ 15,100 4,100
35............................................................ 16,700 4,500
36............................................................ 18,400 5,000
37............................................................ 20,100 5,400
38............................................................ 21,800 5,900
39............................................................ 23,400 6,300
40............................................................ 25,100 6,800
41............................................................ 25,600 6,900
42............................................................ 26,200 7,100
43............................................................ 26,900 7,200
44............................................................ 27,500 7,400
45............................................................ 28,200 7,500
46............................................................ 28,800 7,700
47............................................................ 29,500 7,900
48............................................................ 30,300 8,100
49............................................................ 31,100 8,300
50............................................................ 31,800 8,500
[[Page 31106]]
51............................................................ 32,700 8,700
52............................................................ 33,500 8,900
53............................................................ 34,400 9,100
54............................................................ 35,400 9,300
55............................................................ 36,300 9,500
56............................................................ 37,300 9,800
57............................................................ 38,300 10,000
58............................................................ 39,400 10,200
59............................................................ 40,500 10,500
60............................................................ 41,700 10,800
61............................................................ 42,900 11,000
62............................................................ 44,100 11,300
63............................................................ 45,400 11,600
64............................................................ 46,700 11,900
65 or older................................................... 48,100 12,300
----------------------------------------------------------------------------------------------------------------
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............................................................ 1,700 500
27............................................................ 3,300 900
28............................................................ 5,000 1,400
29............................................................ 6,700 1,800
30............................................................ 8,400 2,300
31............................................................ 10,000 2,700
32............................................................ 11,700 3,200
33............................................................ 13,400 3,600
34............................................................ 15,100 4,100
35............................................................ 16,700 4,500
36............................................................ 18,400 5,000
37............................................................ 20,100 5,400
38............................................................ 21,800 5,900
39............................................................ 23,400 6,300
40............................................................ 25,100 6,800
41............................................................ 25,600 6,900
42............................................................ 26,200 7,100
43............................................................ 26,900 7,200
44............................................................ 27,500 7,400
45............................................................ 28,200 7,500
46............................................................ 28,800 7,700
47............................................................ 29,500 7,900
48............................................................ 30,300 8,100
49............................................................ 31,100 8,300
50............................................................ 31,800 8,500
51............................................................ 32,700 8,700
52............................................................ 33,500 8,900
53............................................................ 34,400 9,100
54............................................................ 35,400 9,300
55............................................................ 36,300 9,500
56............................................................ 37,300 9,800
57............................................................ 38,300 10,000
58............................................................ 39,400 10,200
59............................................................ 40,500 10,500
60............................................................ 41,700 10,800
61............................................................ 42,900 11,000
62............................................................ 44,100 11,300
63............................................................ 45,400 11,600
64............................................................ 46,700 11,900
65 or older................................................... 48,100 12,300
----------------------------------------------------------------------------------------------------------------
[[Page 31107]]
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............................................................ 1,700 500
27............................................................ 3,300 900
28............................................................ 5,000 1,400
29............................................................ 6,700 1,800
30............................................................ 8,400 2,300
31............................................................ 10,000 2,700
32............................................................ 11,700 3,200
33............................................................ 13,400 3,600
34............................................................ 15,100 4,100
35............................................................ 16,700 4,500
36............................................................ 18,400 5,000
37............................................................ 20,100 5,400
38............................................................ 21,800 5,900
39............................................................ 23,400 6,300
40............................................................ 25,100 6,800
41............................................................ 25,600 6,900
42............................................................ 26,200 7,100
43............................................................ 26,900 7,200
44............................................................ 27,500 7,400
45............................................................ 28,200 7,500
46............................................................ 28,800 7,700
47............................................................ 29,500 7,900
48............................................................ 30,300 8,100
49............................................................ 31,100 8,300
50............................................................ 31,800 8,500
51............................................................ 32,700 8,700
52............................................................ 33,500 8,900
53............................................................ 34,400 9,100
54............................................................ 35,400 9,300
55............................................................ 36,300 9,500
56............................................................ 37,300 9,800
57............................................................ 38,300 10,000
58............................................................ 39,400 10,200
59............................................................ 40,500 10,500
60............................................................ 41,700 10,800
61............................................................ 42,900 11,000
62............................................................ 44,100 11,300
63............................................................ 45,400 11,600
64............................................................ 46,700 11,900
65 or older................................................... 48,100 12,300
----------------------------------------------------------------------------------------------------------------
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 from family financial resources toward educational
expenses. 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 $15,700......................... 22% Of AAI.
$15,701 To $19,700.......................... $3,454 + 25% Of AAI over $15,700.
$19,701 To $23,700.......................... $4,454 + 29% Of AAI over $19,700.
$23,701 To $27,700.......................... $5,614 + 34% Of AAI over $23,700.
$27,701 To $31,700.......................... $6,974 + 40% Of AAI over $27,700.
$31,701 or more............................. $8,574 + 47% Of AAI over $31,700.
----------------------------------------------------------------------------------------------------------------
The contribution for an independent student with dependents other
than a spouse is computed according to the following schedule:
[[Page 31108]]
----------------------------------------------------------------------------------------------------------------
If AAI is Then the contribution is
----------------------------------------------------------------------------------------------------------------
Less than -$3,409........................... -$750.
($3,409) To $15,700......................... 22% Of AAI.
$15,701 To $19,700.......................... $3,454 + 25% Of AAI over $15,700.
$19,701 To $23,700.......................... $4,454 + 29% Of AAI over $19,700.
$23,701 To $27,700.......................... $5,614 + 34% Of AAI over $23,700.
$27,701 To $31,700.......................... $6,974 + 40% Of AAI over $27,700.
$31,701 or more............................. $8,574 + 47% Of AAI over $31,700.
----------------------------------------------------------------------------------------------------------------
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 on the marginal differences in costs for a two-worker family
compared to a one-worker family. The items covered by these additional
expenses are: 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 $4,000 or 35 percent of earned income.
6. Allowance for State and Other Taxes. The allowance for State and
other taxes protects a portion of parents' and students' incomes 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
Percent of total income than a spouse
-----------------------------------------------------
Under $15,000 $15,000 & Up All
----------------------------------------------------------------------------------------------------------------
Alabama................................................... 3% 2% 2%
Alaska.................................................... 2 1 0
Arizona................................................... 4 3 2
Arkansas.................................................. 4 3 3
California................................................ 8 7 5
Colorado.................................................. 4 3 3
Connecticut............................................... 8 7 5
Delaware.................................................. 5 4 3
District of Columbia...................................... 7 6 5
Florida................................................... 3 2 1
Georgia................................................... 5 4 3
Hawaii.................................................... 4 3 4
Idaho..................................................... 5 4 3
Illinois.................................................. 6 5 3
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
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 2
New York.................................................. 9 8 6
North Carolina............................................ 6 5 4
North Dakota.............................................. 2 1 1
Ohio...................................................... 5 4 4
Oklahoma.................................................. 3 2 2
Oregon.................................................... 7 6 5
Pennsylvania.............................................. 5 4 3
Rhode Island.............................................. 7 6 4
South Carolina............................................ 5 4 3
[[Page 31109]]
South Dakota.............................................. 2% 1% 1%
Tennessee................................................. 2 1 1
Texas..................................................... 3 2 1
Utah...................................................... 5 4 3
Vermont................................................... 6 5 3
Virginia.................................................. 6 5 4
Washington................................................ 3 2 1
West Virginia............................................. 3 2 3
Wisconsin................................................. 7 6 4
Wyoming................................................... 2 1 1
Other..................................................... 2 1 2
----------------------------------------------------------------------------------------------------------------
Accessible Format: Individuals with disabilities can obtain this
document in an accessible format (e.g., braille, large print,
audiotape, or compact disc) on request to the contact person listed
under FOR FURTHER INFORMATION CONTACT in this notice.
Electronic Access to This Document: 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 via the Federal Digital System
at: www.gpo.gov/fdsys. At this site you can 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). To use PDF
you must have Adobe Acrobat Reader, which is available free at this
site.
You may also access documents of the Department published in the
Federal Register by using the article search feature at:
www.federalregister.gov. Specifically, through the advanced search
feature at this site, you can limit your search to documents published
by the Department.
Program Authority: 20 U.S.C. 1087rr.
Dated: May 27, 2014.
James W. Runcie,
Chief Operating Officer Federal Student Aid.
[FR Doc. 2014-12569 Filed 5-29-14; 8:45 am]
BILLING CODE 4000-01-P
