EXCLUSION OF EDUCATIONAL BENEFITS.

SEC. 1715. EXCLUSION OF EDUCATIONAL BENEFITS. (a) In General.— Section 5(d) (7 U.S.C. 2014(d)) is amended— (1) in paragraph (3)— (A) by inserting “(A)” after “the like”; and (B) by striking “at an institution” and all that follows through “handicapped, and”, and inserting the following: “(including the rental or purchase of any equipment, materials, and supplies required to pursue the course of study involved) at a recognized institution of post-secondary education, at a school for the handicapped, in a vocational education program, or in a program that provides for completion of a secondary school diploma or obtaining the equivalent thereof, (B) to the extent that they do not exceed the amount made available as an allowance determined by such school, institution, or program for books, supplies, transportation, and other miscellaneous personal expenses (other than living expenses), of the student incidental to attending such school, institution, or program, and (C)”; and (2) in the proviso to clause (5)— (A) by inserting “and” after “1988),”; (B) by striking “non-Federal”; and (C) by striking “and no portion of any Federal” and all that follows through “mandatory school fees,”. (b) Clarifying and Technical Amendment.— The fourth sentence of section 5(e) is amended by inserting after “third party” the following: “, amounts made available and excluded for the expenses under subsection (d)(3),”.