Pub. L. 110-315, tit. IV, pt. F, sec. 473

DEFINITIONS.

EnactedYear: 2008Length: 428 wordsOfficial source
SEC. 473. DEFINITIONS.(a) Total Income.—Section 480(a) (as amended by Public Law 110–84) (20 U.S.C. 1087vv(a)) is amended—(1) in paragraph (1)—(A) by inserting “(A)” after “(1)”;(B) by inserting “subparagraph (B) and” after “provided in”; and(C) by adding at the end the following new subparagraph:“(B) Notwithstanding section 478(a), the Secretary may provide for the use of data from the second preceding tax year when and to the extent necessary to carry out the simplification of applications (including simplification for a subset of applications) used for the estimation and determination of financial aid eligibility. Such simplification may include the sharing of data between the Internal Revenue Service and the Department, pursuant to the consent of the taxpayer.”; and(2) in paragraph (2), by inserting “no portion of veterans’ education benefits received by an individual,” after “any program by an individual,”.(b) Untaxed Income and Benefits.—Section 480(b)(1)(E) (as amended by Public Law 110–84) (20 U.S.C. 1087vv(b)(1)(E)) is amended by inserting “, except that the value of on-base military housing or the value of basic allowance for housing determined under section 403(b) of title 37, United States Code, received by the parents, in the case of a dependent student, or the student or student’s spouse, in the case of an independent student, shall be excluded” before the semicolon.(c) Independent Student.—Section 480(d)(1) (as amended by Public Law 110–84) (20 U.S.C. 1087vv(d)(1)) is amended—(1) by striking subparagraph (B) and inserting the following:“(B) is an orphan, in foster care, or a ward of the court, or was an orphan, in foster care, or a ward of the court at any time when the individual was 13 years of age or older;”; and(2) by striking subparagraph (C) and inserting the following:“(C) is, or was immediately prior to attaining the age of majority, an emancipated minor or in legal guardianship as determined by a court of competent jurisdiction in the individual’s State of legal residence;”.(d) Treatment of Cooperative Education Work Income.—Section 480(e) (as amended by Public Law 110–84) (20 U.S.C. 1087vv(e)) is amended—(1) by redesignating paragraphs (2) through (5) as paragraphs (3) through (6), respectively; and122 STAT. 3271(2) by inserting after paragraph (1) the following new paragraph:“(2) any income earned from work under a cooperative education program offered by an institution of higher education;”.(e) Other Financial Assistance.—Section 480(j)(1) (20 U.S.C. 1087vv(j)(1)) is amended—(1) by striking “veterans’ education benefits as defined in subsection (c), and”; and(2) by inserting before the period at the end the following: “, but excluding veterans’ education benefits as defined in subsection (c)”.(f) Effective Date.—The amendments made by this section shall take effect on July 1, 2010.
Pub. L. 110-315, tit. IV, pt. F, sec. 473: DEFINITIONS. | Justis AI