Federal Need Analysis Methodology for the 2019-20 Award Year-Federal Pell Grant, Federal Work-Study, Federal Supplemental Educational Opportunity Grant, William D. Ford Federal Direct Loan, Iraq and Afghanistan Service Grant, and TEACH Grant Programs, 22967-22971 [2018-10586]
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Federal Register / Vol. 83, No. 96 / Thursday, May 17, 2018 / Notices
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Dated: May 14, 2018.
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[FR Doc. 2018–10529 Filed 5–16–18; 8:45 am]
BILLING CODE 5001–06–P
daltland on DSKBBV9HB2PROD with NOTICES
DEPARTMENT OF EDUCATION
Federal Need Analysis Methodology
for the 2019–20 Award Year—Federal
Pell Grant, 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:
VerDate Sep<11>2014
18:36 May 16, 2018
Jkt 244001
The Secretary announces the
annual updates to the tables used in the
statutory Federal Need Analysis
Methodology that determines a
student’s expected family contribution
(EFC) for award year (AY) 2019–20 for
student financial aid programs, Catalog
of Federal Domestic Assistance (CFDA)
Numbers 84.063, 84.033, 84.007, 84.268,
84.408, and 84.379. 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.
SUMMARY:
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 of Education
(Department) uses in the Federal Need
Analysis Methodology to determine the
EFC.
Section 478 of the HEA requires the
Secretary to annually update the
following four tables for price
inflation—the Income Protection
Allowance (IPA), the Adjusted Net
Worth (NW) 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 AY 2019–20, the Secretary is
charged with updating the IPA for
parents of dependent students, adjusted
NW 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 2017 and December
2018. However, because the Secretary
must publish these tables before
December 2018, 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
2018. The Secretary must also account
for any under- or over-estimation of
inflation for the preceding year.
In developing the table values for the
2018–19 AY, the Secretary assumed a
SUPPLEMENTARY INFORMATION:
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22967
2.3 percent increase in the CPI–U for the
period December 2016 through
December 2017. The actual inflation for
this time period was 2.1 percent. The
Secretary estimates that the increase in
the CPI–U for the period December 2017
through December 2018 will be 1.6
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 IPA tables for the
2009–10 through 2012–13 AYs and
required the Department to use a
percentage of the estimated CPI 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. This notice includes the new
2019–20 AY values for the IPA tables,
which reflect the CCRAA amendments.
The updated tables are in sections 1
(Income Protection Allowance), 2
(Adjusted Net Worth of a Business or
Farm), and 4 (Assessment Schedules
and Rates) of this notice.
As provided for in section 478(d) of
the HEA, the Secretary must also revise
the education savings and asset
protection allowances for each AY. The
Education Savings and Asset Protection
Allowance table for AY 2019–20 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 AY 2019–20 has been updated
in section 5 of this notice.
The HEA requires 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. The allowance varies by family
size. The IPA for dependent students is
$6,660. The IPAs for parents of
dependent students for AY 2019–20 are
as follows:
E:\FR\FM\17MYN1.SGM
17MYN1
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Federal Register / Vol. 83, No. 96 / Thursday, May 17, 2018 / Notices
PARENTS OF DEPENDENT STUDENTS
Number in College
Family size
1
2
3
4
5
6
For each additional family member
add $4,450. For each additional college
student subtract $3,160.
3
4
5
$18,580
23,140
28,580
33,720
39,430
...........................................................................................
...........................................................................................
...........................................................................................
...........................................................................................
...........................................................................................
2
$15,400
19,980
25,400
30,540
36,260
$16,800
22,240
27,380
33,100
$19,060
24,200
29,920
$21,040
26,760
The IPAs for independent students
with dependents other than a spouse for
AY 2019–20 are as follows:
INDEPENDENT STUDENTS WITH DEPENDENTS OTHER THAN A SPOUSE
Number in college
Family size
1
2
3
4
5
6
Number in
college
Single ....................
4
5
$21,760
28,210
35,880
43,120
51,210
$23,730
31,410
38,660
46,750
$26,920
34,180
42,240
$29,710
37,790
another part of the formula; and (2) the
formula protects a portion of the value
of the assets.
Married ..................
2
10,360
The portion of these assets included
Married ..................
1
16,620 in the contribution calculation is
computed according to the following
2. Adjusted Net Worth of a Business
schedule. This schedule is used for
or Farm. A portion of the full NW
parents of dependent students,
(assets less debts) of a business or farm
independent students without
IPA
is excluded from the calculation of an
dependents other than a spouse, and
EFC because (1) the income produced
independent students with dependents
$10,360 from these assets is already assessed in
other than a spouse.
For each additional family member
add $6,290. For each additional college
student subtract $4,470.
The IPAs for single independent
students and independent students
without dependents other than a spouse
for AY 2019–20 are as follows:
Marital status
3
$26,250
32,680
40,360
47,620
55,690
...........................................................................................
...........................................................................................
...........................................................................................
...........................................................................................
...........................................................................................
2
1
Number in
college
Marital status
IPA
Then the Adjusted NW is
Less than $1 .............................................................................................
$1 to $130,000 .........................................................................................
$130,001 to $395,000 ..............................................................................
$395,001 to $660,000 ..............................................................................
$660,001 or more .....................................................................................
daltland on DSKBBV9HB2PROD with NOTICES
If the NW of a business or farm is
$0.
$0 + 40% of NW.
$52,000 + 50% of NW over $130,000.
$184,500 + 60% of NW over $395,000.
$343,500 + 100% of NW over $660,000.
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.
VerDate Sep<11>2014
19:37 May 16, 2018
Jkt 244001
PARENTS OF DEPENDENT STUDENTS
If the age of the
older parent is
And they are
Married
Single
PARENTS OF DEPENDENT STUDENTS—
Continued
If the age of the
older parent is
Then the education savings and asset protection
allowance is
25
26
27
28
29
30
31
32
33
34
35
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or less ..........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
Frm 00025
Fmt 4703
0
700
1,300
2,000
2,600
3,300
4,000
4,600
5,300
5,900
6,600
Sfmt 4703
0
300
700
1,000
1,400
1,700
2,100
2,400
2,800
3,100
3,500
And they are
Married
Single
Then the education savings and asset protection
allowance is
36
37
38
39
40
41
42
43
......................
......................
......................
......................
......................
......................
......................
......................
E:\FR\FM\17MYN1.SGM
17MYN1
7,300
7,900
8,600
9,200
9,900
10,100
10,400
10,600
3,800
4,200
4,500
4,900
5,200
5,300
5,500
5,600
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Federal Register / Vol. 83, No. 96 / Thursday, May 17, 2018 / Notices
PARENTS OF DEPENDENT STUDENTS—
Continued
If the age of the
older parent is
And they are
Married
INDEPENDENT STUDENTS WITH DEPENDENTS
OTHER
THAN
A
SPOUSE—Continued
If the age of the
student is
Single
Then the education savings and asset protection
allowance is
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
or older ........
11,100
11,400
11,600
11,900
12,200
12,500
12,900
13,200
13,500
13,900
14,300
14,700
15,100
15,500
15,900
16,400
16,800
17,300
17,800
18,300
18,900
5,800
6,000
6,100
6,200
6,400
6,500
6,700
6,800
7,000
7,200
7,300
7,500
7,700
7,900
8,100
8,300
8,500
8,800
9,000
9,200
9,500
INDEPENDENT STUDENTS WITH
DEPENDENTS OTHER THAN A SPOUSE
If the age of the
student is
Single
Then the education savings and asset protection
allowance is
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
or less ..........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
0
700
1,300
2,000
2,600
3,300
4,000
4,600
5,300
5,900
6,600
7,300
7,900
8,600
9,200
9,900
10,100
10,400
Married
If the age of the
student is
Single
Then the education savings and asset protection
allowance is
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 ........
10,600
10,900
11,100
11,400
11,600
11,900
12,200
12,500
12,900
13,200
13,500
13,900
14,300
14,700
15,100
15,500
15,900
16,400
16,800
17,300
17,800
18,300
18,900
5,600
5,700
5,800
6,000
6,100
6,200
6,400
6,500
6,700
6,800
7,000
7,200
7,300
7,500
7,700
7,900
8,100
8,300
8,500
8,800
9,000
9,200
9,500
INDEPENDENT STUDENTS WITHOUT
DEPENDENTS OTHER THAN A SPOUSE
And they are
Married
And they are
0
300
700
1,000
1,400
1,700
2,100
2,400
2,800
3,100
3,500
3,800
4,200
4,500
4,900
5,200
5,300
5,500
If the age of the
student is
25
26
27
28
29
30
31
32
33
34
35
36
37
38
or less ..........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
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 ........
Less than ¥3,409 .....................................................................................
($3,409) to $16,600 ..................................................................................
$16,601 to $20,800 ...................................................................................
$20,801 to $25,100 ...................................................................................
$25,101 to $29,300 ...................................................................................
$29,301 to $33,600 ...................................................................................
$33,601 or more .......................................................................................
¥$750.
22% of AAI.
$3,652 + 25%
$4,702 + 29%
$5,949 + 34%
$7,377 + 40%
$9,097 + 47%
18:36 May 16, 2018
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Married
Single
9,900
10,100
10,400
10,600
10,900
11,100
11,400
11,600
11,900
12,200
12,500
12,900
13,200
13,500
13,900
14,300
14,700
15,100
15,500
15,900
16,400
16,800
17,300
17,800
18,300
18,900
5,200
5,300
5,500
5,600
5,700
5,800
6,000
6,100
6,200
6,400
6,500
6,700
6,800
7,000
7,200
7,300
7,500
7,700
7,900
8,100
8,300
8,500
8,800
9,000
9,200
9,500
4. Assessment Schedules and Rates.
Two schedules that are subject to
Married
Single
updates—one for parents of dependent
students and one for independent
Then the education savings and asset protection students with dependents other than a
spouse—are used to determine the EFC
allowance is
from family financial resources toward
0
0 educational expenses. For dependent
700
300 students, the EFC is derived from an
1,300
700
2,000
1,000 assessment of the parents’ adjusted
2,600
1,400 available income (AAI). For
3,300
1,700 independent students with dependents
4,000
2,100 other than a spouse, the EFC is derived
4,600
2,400 from an assessment of the family’s AAI.
5,300
2,800 The AAI represents a measure of a
5,900
3,100 family’s financial strength, which
6,600
3,500
considers both income and assets.
7,300
3,800
The parents’ contribution for a
7,900
4,200
8,600
4,500 dependent student is computed
Then the contribution is
VerDate Sep<11>2014
And they are
Then the education savings and asset protection
allowance is
And they are
If AAI is
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INDEPENDENT STUDENTS WITHOUT DEPENDENTS
OTHER
THAN
A
SPOUSE—Continued
Fmt 4703
Sfmt 4703
of
of
of
of
of
AAI
AAI
AAI
AAI
AAI
over
over
over
over
over
$16,600.
$20,800.
$25,100.
$29,300.
$33,600.
E:\FR\FM\17MYN1.SGM
17MYN1
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Federal Register / Vol. 83, No. 96 / Thursday, May 17, 2018 / Notices
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 ...................................................................................
($3,409) to $16,600 ..................................................................................
$16,601 to $20,800 ...................................................................................
$20,801 to $25,100 ...................................................................................
$25,101 to $29,300 ...................................................................................
$29,301 to $33,600 ...................................................................................
$33,601 or more .......................................................................................
¥$750.
22% of AAI.
$3,652 + 25%
$4,702 + 29%
$5,949 + 34%
$7,377 + 40%
$9,097 + 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 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,
of
of
of
of
of
AAI
AAI
AAI
AAI
AAI
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
over
over
over
over
over
$16,600.
$20,800.
$25,100.
$29,300.
$33,600.
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.
PERCENT OF INCOME PAID IN STATE TAXES, BY STATUS OF HAVING DEPENDENTS OTHER THAN A SPOUSE, INCOME
LEVEL, AND STATE
Parents of dependents and
independents with dependents
other than a spouse
Dependents and
independents
without
dependents other
than a spouse
State
Percent of total income
daltland on DSKBBV9HB2PROD with NOTICES
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 ...........................................................................................................
Michigan .....................................................................................................................
Minnesota ..................................................................................................................
Mississippi ..................................................................................................................
Missouri ......................................................................................................................
Montana .....................................................................................................................
Nebraska ....................................................................................................................
Nevada .......................................................................................................................
New Hampshire .........................................................................................................
New Jersey ................................................................................................................
New Mexico ...............................................................................................................
New York ...................................................................................................................
North Carolina ............................................................................................................
VerDate Sep<11>2014
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$15,000 & Up
3
2
4
4
8
4
9
5
7
3
5
5
5
5
4
5
4
5
3
6
8
7
4
6
3
4
5
5
2
4
9
3
9
5
E:\FR\FM\17MYN1.SGM
All
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2
4
4
4
4
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3
4
2
5
7
6
3
5
2
3
4
4
1
3
8
2
8
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17MYN1
2
0
2
3
6
3
5
3
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1
3
4
3
3
3
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2
3
3
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1
1
5
2
7
3
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Federal Register / Vol. 83, No. 96 / Thursday, May 17, 2018 / Notices
PERCENT OF INCOME PAID IN STATE TAXES, BY STATUS OF HAVING DEPENDENTS OTHER THAN A SPOUSE, INCOME
LEVEL, AND STATE—Continued
Parents of dependents and
independents with dependents
other than a spouse
Dependents and
independents
without
dependents other
than a spouse
State
Percent of total income
Under $15,000
North Dakota ..............................................................................................................
Ohio ...........................................................................................................................
Oklahoma ...................................................................................................................
Oregon .......................................................................................................................
Pennsylvania ..............................................................................................................
Rhode Island ..............................................................................................................
South Carolina ...........................................................................................................
South Dakota .............................................................................................................
Tennessee .................................................................................................................
Texas .........................................................................................................................
Utah ...........................................................................................................................
Vermont .....................................................................................................................
Virginia .......................................................................................................................
Washington ................................................................................................................
West Virginia ..............................................................................................................
Wisconsin ...................................................................................................................
Wyoming ....................................................................................................................
Other ..........................................................................................................................
daltland on DSKBBV9HB2PROD with NOTICES
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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.
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Department published in the Federal
Register by using the article search
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Specifically, through the advanced
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the Department.
Program Authority: 20 U.S.C. 1087rr.
Dated: May 14, 2018.
James F. Manning,
Acting Chief Operating Officer, Federal
Student Aid.
[FR Doc. 2018–10586 Filed 5–16–18; 8:45 am]
BILLING CODE 4000–01–P
VerDate Sep<11>2014
18:36 May 16, 2018
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DEPARTMENT OF ENERGY
Federal Energy Regulatory
Commission
Combined Notice of Filings #1
Take notice that the Commission
received the following exempt
wholesale generator filings:
Docket Numbers: EG18–85–000.
Applicants: Pegasus Wind, LLC.
Description: Notice of SelfCertification of Exempt Wholesale
Generator Status of Pegasus Wind, LLC.
Filed Date: 5/11/18.
Accession Number: 20180511–5115.
Comments Due: 5 p.m. ET 6/1/18.
Docket Numbers: EG18–86–000.
Applicants: Thunder Spirit Wind,
LLC.
Description: Self-Certification of EG or
FC of Thunder Spirit Wind, LLC.
Filed Date: 5/11/18.
Accession Number: 20180511–5193.
Comments Due: 5 p.m. ET 6/1/18.
Take notice that the Commission
received the following electric rate
filings:
Docket Numbers: ER10–1437–006.
Applicants: Tampa Electric Company.
Description: Second Supplement to
June 30, 2017 Triennial Market Power
Update for the Southeast Region [Asset
Appendix] of Tampa Electric Company.
Filed Date: 5/10/18.
Accession Number: 20180510–5212.
Comments Due: 5 p.m. ET 5/31/18.
Docket Numbers: ER10–2507–016.
Applicants: Westar Energy, Inc.
PO 00000
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Description: Notice of Non-Material
Change in Status of Westar Energy, Inc.
Filed Date: 5/11/18.
Accession Number: 20180511–5162.
Comments Due: 5 p.m. ET 6/1/18.
Docket Numbers: ER13–136–004;
ER13–135–004; ER13–137–004; ER13–
138–004; ER13–141–004; ER13–142–
004.
Applicants: Georgia-Pacific Brewton
LLC.
Description: Supplement to December
19, 2017 Triennial Market-Power
Analyses of the Georgia-Pacific Entities
in the Southeast Region.
Filed Date: 5/11/18.
Accession Number: 20180511–5163.
Comments Due: 5 p.m. ET 6/1/18.
Docket Numbers: ER18–1386–001.
Applicants: Southern California
Edison Company.
Description: Tariff Amendment:
Amended LGIA Desert Harvest Revised
ITCC to be effective 4/19/2018.
Filed Date: 5/10/18.
Accession Number: 20180510–5149.
Comments Due: 5 p.m. ET 5/31/18.
Docket Numbers: ER18–1569–000.
Applicants: Emera Maine.
Description: Compliance filing: Order
No. 842 Compliance to be effective 5/
15/2018.
Filed Date: 5/11/18.
Accession Number: 20180511–5021.
Comments Due: 5 p.m. ET 6/1/18.
Docket Numbers: ER18–1570–000.
Applicants: NorthWestern
Corporation.
Description: Compliance filing: Order
No. 842 Compliance Filing—Montana
OATT to be effective 5/15/2018.
E:\FR\FM\17MYN1.SGM
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]]>Agencies
[Federal Register Volume 83, Number 96 (Thursday, May 17, 2018)]
[Notices]
[Pages 22967-22971]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-10586]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF EDUCATION
Federal Need Analysis Methodology for the 2019-20 Award Year--
Federal Pell Grant, 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.
-----------------------------------------------------------------------
SUMMARY: The Secretary announces the annual updates to the tables used
in the statutory Federal Need Analysis Methodology that determines a
student's expected family contribution (EFC) for award year (AY) 2019-
20 for student financial aid programs, Catalog of Federal Domestic
Assistance (CFDA) Numbers 84.063, 84.033, 84.007, 84.268, 84.408, and
84.379. 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 of Education (Department) uses
in the Federal Need Analysis Methodology to determine the EFC.
Section 478 of the HEA requires the Secretary to annually update
the following four tables for price inflation--the Income Protection
Allowance (IPA), the Adjusted Net Worth (NW) 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 AY 2019-20, the Secretary is charged with updating the IPA for
parents of dependent students, adjusted NW 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 2017 and December 2018. However, because the Secretary must
publish these tables before December 2018, 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 2018. The Secretary must also account for any under- or over-
estimation of inflation for the preceding year.
In developing the table values for the 2018-19 AY, the Secretary
assumed a 2.3 percent increase in the CPI-U for the period December
2016 through December 2017. The actual inflation for this time period
was 2.1 percent. The Secretary estimates that the increase in the CPI-U
for the period December 2017 through December 2018 will be 1.6 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 IPA tables for the 2009-10 through 2012-13 AYs
and required the Department to use a percentage of the estimated CPI 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. This notice includes the new 2019-20 AY values for the
IPA tables, which reflect the CCRAA amendments. The updated tables are
in sections 1 (Income Protection Allowance), 2 (Adjusted Net Worth of a
Business or Farm), and 4 (Assessment Schedules and Rates) of this
notice.
As provided for in section 478(d) of the HEA, the Secretary must
also revise the education savings and asset protection allowances for
each AY. The Education Savings and Asset Protection Allowance table for
AY 2019-20 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
AY 2019-20 has been updated in section 5 of this notice.
The HEA requires 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. The allowance
varies by family size. The IPA for dependent students is $6,660. The
IPAs for parents of dependent students for AY 2019-20 are as follows:
[[Page 22968]]
Parents of Dependent Students
----------------------------------------------------------------------------------------------------------------
Number in College
Family size -------------------------------------------------------------------------------
1 2 3 4 5
----------------------------------------------------------------------------------------------------------------
2............................... $18,580 $15,400
3............................... 23,140 19,980 $16,800
4............................... 28,580 25,400 22,240 $19,060
5............................... 33,720 30,540 27,380 24,200 $21,040
6............................... 39,430 36,260 33,100 29,920 26,760
----------------------------------------------------------------------------------------------------------------
For each additional family member add $4,450. For each additional
college student subtract $3,160.
The IPAs for independent students with dependents other than a
spouse for AY 2019-20 are as follows:
Independent Students With Dependents Other Than a Spouse
----------------------------------------------------------------------------------------------------------------
Number in college
Family size -------------------------------------------------------------------------------
1 2 3 4 5
----------------------------------------------------------------------------------------------------------------
2............................... $26,250 $21,760
3............................... 32,680 28,210 $23,730
4............................... 40,360 35,880 31,410 $26,920
5............................... 47,620 43,120 38,660 34,180 $29,710
6............................... 55,690 51,210 46,750 42,240 37,790
----------------------------------------------------------------------------------------------------------------
For each additional family member add $6,290. For each additional
college student subtract $4,470.
The IPAs for single independent students and independent students
without dependents other than a spouse for AY 2019-20 are as follows:
------------------------------------------------------------------------
Number in
Marital status college IPA
------------------------------------------------------------------------
Single.......................................... 1 $10,360
Married......................................... 2 10,360
Married......................................... 1 16,620
------------------------------------------------------------------------
2. Adjusted Net Worth 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 EFC 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 $130,000......................... $0 + 40% of NW.
$130,001 to $395,000................... $52,000 + 50% of NW over
$130,000.
$395,001 to $660,000................... $184,500 + 60% of NW over
$395,000.
$660,001 or more....................... $343,500 + 100% of NW over
$660,000.
------------------------------------------------------------------------
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
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............................................ 700 300
27............................................ 1,300 700
28............................................ 2,000 1,000
29............................................ 2,600 1,400
30............................................ 3,300 1,700
31............................................ 4,000 2,100
32............................................ 4,600 2,400
33............................................ 5,300 2,800
34............................................ 5,900 3,100
35............................................ 6,600 3,500
36............................................ 7,300 3,800
37............................................ 7,900 4,200
38............................................ 8,600 4,500
39............................................ 9,200 4,900
40............................................ 9,900 5,200
41............................................ 10,100 5,300
42............................................ 10,400 5,500
43............................................ 10,600 5,600
44............................................ 10,900 5,700
[[Page 22969]]
45............................................ 11,100 5,800
46............................................ 11,400 6,000
47............................................ 11,600 6,100
48............................................ 11,900 6,200
49............................................ 12,200 6,400
50............................................ 12,500 6,500
51............................................ 12,900 6,700
52............................................ 13,200 6,800
53............................................ 13,500 7,000
54............................................ 13,900 7,200
55............................................ 14,300 7,300
56............................................ 14,700 7,500
57............................................ 15,100 7,700
58............................................ 15,500 7,900
59............................................ 15,900 8,100
60............................................ 16,400 8,300
61............................................ 16,800 8,500
62............................................ 17,300 8,800
63............................................ 17,800 9,000
64............................................ 18,300 9,200
65 or older................................... 18,900 9,500
------------------------------------------------------------------------
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............................................ 700 300
27............................................ 1,300 700
28............................................ 2,000 1,000
29............................................ 2,600 1,400
30............................................ 3,300 1,700
31............................................ 4,000 2,100
32............................................ 4,600 2,400
33............................................ 5,300 2,800
34............................................ 5,900 3,100
35............................................ 6,600 3,500
36............................................ 7,300 3,800
37............................................ 7,900 4,200
38............................................ 8,600 4,500
39............................................ 9,200 4,900
40............................................ 9,900 5,200
41............................................ 10,100 5,300
42............................................ 10,400 5,500
43............................................ 10,600 5,600
44............................................ 10,900 5,700
45............................................ 11,100 5,800
46............................................ 11,400 6,000
47............................................ 11,600 6,100
48............................................ 11,900 6,200
49............................................ 12,200 6,400
50............................................ 12,500 6,500
51............................................ 12,900 6,700
52............................................ 13,200 6,800
53............................................ 13,500 7,000
54............................................ 13,900 7,200
55............................................ 14,300 7,300
56............................................ 14,700 7,500
57............................................ 15,100 7,700
58............................................ 15,500 7,900
59............................................ 15,900 8,100
60............................................ 16,400 8,300
61............................................ 16,800 8,500
62............................................ 17,300 8,800
63............................................ 17,800 9,000
64............................................ 18,300 9,200
65 or older................................... 18,900 9,500
------------------------------------------------------------------------
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............................................ 700 300
27............................................ 1,300 700
28............................................ 2,000 1,000
29............................................ 2,600 1,400
30............................................ 3,300 1,700
31............................................ 4,000 2,100
32............................................ 4,600 2,400
33............................................ 5,300 2,800
34............................................ 5,900 3,100
35............................................ 6,600 3,500
36............................................ 7,300 3,800
37............................................ 7,900 4,200
38............................................ 8,600 4,500
39............................................ 9,200 4,900
40............................................ 9,900 5,200
41............................................ 10,100 5,300
42............................................ 10,400 5,500
43............................................ 10,600 5,600
44............................................ 10,900 5,700
45............................................ 11,100 5,800
46............................................ 11,400 6,000
47............................................ 11,600 6,100
48............................................ 11,900 6,200
49............................................ 12,200 6,400
50............................................ 12,500 6,500
51............................................ 12,900 6,700
52............................................ 13,200 6,800
53............................................ 13,500 7,000
54............................................ 13,900 7,200
55............................................ 14,300 7,300
56............................................ 14,700 7,500
57............................................ 15,100 7,700
58............................................ 15,500 7,900
59............................................ 15,900 8,100
60............................................ 16,400 8,300
61............................................ 16,800 8,500
62............................................ 17,300 8,800
63............................................ 17,800 9,000
64............................................ 18,300 9,200
65 or older................................... 18,900 9,500
------------------------------------------------------------------------
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 $16,600................ 22% of AAI.
$16,601 to $20,800................. $3,652 + 25% of AAI over $16,600.
$20,801 to $25,100................. $4,702 + 29% of AAI over $20,800.
$25,101 to $29,300................. $5,949 + 34% of AAI over $25,100.
$29,301 to $33,600................. $7,377 + 40% of AAI over $29,300.
$33,601 or more.................... $9,097 + 47% of AAI over $33,600.
------------------------------------------------------------------------
[[Page 22970]]
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 $16,600................ 22% of AAI.
$16,601 to $20,800................. $3,652 + 25% of AAI over $16,600.
$20,801 to $25,100................. $4,702 + 29% of AAI over $20,800.
$25,101 to $29,300................. $5,949 + 34% of AAI over $25,100.
$29,301 to $33,600................. $7,377 + 40% of AAI over $29,300.
$33,601 or more.................... $9,097 + 47% of AAI over $33,600.
------------------------------------------------------------------------
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 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.
Percent of Income Paid in State Taxes, by Status of Having Dependents Other Than a Spouse, Income Level, and
State
----------------------------------------------------------------------------------------------------------------
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 6
Colorado............................................... 4 3 3
Connecticut............................................ 9 8 5
Delaware............................................... 5 4 3
District of Columbia................................... 7 6 6
Florida................................................ 3 2 1
Georgia................................................ 5 4 3
Hawaii................................................. 5 4 4
Idaho.................................................. 5 4 3
Illinois............................................... 5 4 3
Indiana................................................ 4 3 3
Iowa................................................... 5 4 3
Kansas................................................. 4 3 2
Kentucky............................................... 5 4 4
Louisiana.............................................. 3 2 2
Maine.................................................. 6 5 3
Maryland............................................... 8 7 6
Massachusetts.......................................... 7 6 4
Michigan............................................... 4 3 3
Minnesota.............................................. 6 5 5
Mississippi............................................ 3 2 2
Missouri............................................... 4 3 3
Montana................................................ 5 4 3
Nebraska............................................... 5 4 3
Nevada................................................. 2 1 1
New Hampshire.......................................... 4 3 1
New Jersey............................................. 9 8 5
New Mexico............................................. 3 2 2
New York............................................... 9 8 7
North Carolina......................................... 5 4 3
[[Page 22971]]
North Dakota........................................... 2 1 1
Ohio................................................... 5 4 3
Oklahoma............................................... 3 2 2
Oregon................................................. 7 6 5
Pennsylvania........................................... 5 4 3
Rhode Island........................................... 6 5 4
South Carolina......................................... 4 3 3
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.............................................. 6 5 4
Wyoming................................................ 2 1 1
Other.................................................. 3 2 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. You may
access the official edition of the Federal Register and the Code of
Federal Regulations 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 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 14, 2018.
James F. Manning,
Acting Chief Operating Officer, Federal Student Aid.
[FR Doc. 2018-10586 Filed 5-16-18; 8:45 am]
BILLING CODE 4000-01-P
