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Notice

Federal Need Analysis Methodology for the 2016-17 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; Correction

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Information about this document as published in the Federal Register.

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This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.

Start Preamble

AGENCY:

Federal Student Aid, Department of Education.

ACTION:

Notice; correction.

Catalog of Federal Domestic Assistance (CFDA) Numbers: 84.063; 84.038; 84.033; 84.007; 84.268; 84.408; 84.379.

SUMMARY:

On May 27, 2015, we published in the Federal Register a notice announcing the annual updates to the tables used in the statutory Federal Need Analysis Methodology that determines a student's expected family contribution for award year 2016-17. Section 478 of the Higher Education Act of 1965, as amended, requires the Secretary to annually update four tables for price inflation. This notice corrects the Education Savings and Asset Protection Allowance tables.

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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, toll free, at 1-800-877-8339.

End Further Info End Preamble Start Supplemental Information

SUPPLEMENTARY INFORMATION:

Correction

In the Federal Register of May 27, 2015 (80 FR 30217), we replace the tables included in section “3. Education Savings and Asset Protection Allowance” on pages 30218 through 30221 with the following tables. This allowance protects a portion of Net Worth (assets less debts) from being considered available for postsecondary educational expenses. There are three asset protection allowance tables: One for parents of dependent students, one for independent students with dependents other than a spouse, and one for independent students without dependents other than a spouse.

Parents of Dependent Students

If the age of the older parent isAnd they are
MarriedSingle
Then the education savings and asset protection allowance is—
25 or less00
261,000500
272,1001,100
283,1001,600
294,1002,100
305,2002,600
316,2003,200
327,2003,700
338,3004,200
349,3004,700
3510,3005,300
3611,4005,800
3712,4006,300
3813,4006,800
3914,5007,400
4015,5007,900
4115,9008,100
4216,3008,300
4316,6008,500
4417,0008,600
4517,4008,800
4617,8009,000
4718,3009,200
4818,7009,400
4919,2009,700
5019,7009,900
5120,20010,100
5220,70010,400
5321,30010,600
5421,80010,900
5522,40011,100
5623,00011,400
5723,70011,700
5824,30012,000
5925,00012,300
6025,70012,600
6126,40012,900
6227,20013,200
6327,90013,600
6428,80013,900
65 or older29,60014,300

Independent Students With Dependents Other Than a Spouse

If the age of the student isAnd they are
MarriedSingle
Then the education savings and asset protection allowance is—
25 or less00
261,000500
272,1001,100
283,1001,600
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294,1002,100
305,2002,600
316,2003,200
327,2003,700
338,3004,200
349,3004,700
3510,3005,300
3611,4005,800
3712,4006,300
3813,4006,800
3914,5007,400
4015,5007,900
4115,9008,100
4216,3008,300
4316,6008,500
4417,0008,600
4517,4008,800
4617,8009,000
4718,3009,200
4818,7009,400
4919,2009,700
5019,7009,900
5120,20010,100
5220,70010,400
5321,30010,600
5421,80010,900
5522,40011,100
5623,00011,400
5723,70011,700
5824,30012,000
5925,00012,300
6025,70012,600
6126,40012,900
6227,20013,200
6327,90013,600
6428,80013,900
65 or older29,60014,300

Independent Students Without Dependents Other Than a Spouse

If the age of the student isAnd they are
MarriedSingle
Then the education savings and asset protection allowance is—
25 or less00
261,000500
272,1001,100
283,1001,600
294,1002,100
305,2002,600
316,2003,200
327,2003,700
338,3004,200
349,3004,700
3510,3005,300
3611,4005,800
3712,4006,300
3813,4006,800
3914,5007,400
4015,5007,900
4115,9008,100
4216,3008,300
4316,6008,500
4417,0008,600
4517,4008,800
4617,8009,000
4718,3009,200
Start Printed Page 45969
4818,7009,400
4919,2009,700
5019,7009,900
5120,20010,100
5220,70010,400
5321,30010,600
5421,80010,900
5522,40011,100
5623,00011,400
5723,70011,700
5824,30012,000
5925,00012,300
6025,70012,600
6126,40012,900
6227,20013,200
6327,90013,600
6428,80013,900
65 or older29,60014,300

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.

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Start Authority

Program Authority: 20 U.S.C. 1087rr.

End Authority Start Signature

Dated: July 28, 2015.

James W. Runcie,

Chief Operating Officer Federal Student Aid.

End Signature End Supplemental Information

[FR Doc. 2015-18991 Filed 7-31-15; 8:45 am]

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