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Code · BILL · 113th Congress · S. 2954 (Introduced in Senate) — To improve the Higher Education Act of 1965, and for other purposes. · Sec. 473

Sec. 473. Increased income protection allowance for independent students with dependents other than a spouse

108 words·~1 min read·/bill/113/s/2954/is/section-473

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Section 477(b)(4) of the Higher Education Act of 1965 ( 20 U.S.C. 1087qq(b)(4) ) is amended to read as follows: The income protection allowance is determined by the following table (or a successor table prescribed by the Secretary under section 478), for academic year 2015–2016: Income Protection Allowance Family Size Number in College (including student) 1 2 3 4 5 For each additional subtract: 2 $33,277 $27,580 $4,250 3 41,431 35,761 $30,078 4 51,151 45,481 39,825 $34,114 5 60,358 54,661 49,005 43,321 $37,665 6 70,591 64,908 59,265 53,554 47,898 For each additional add: 6,000 . The amendment made by this section shall take effect on July 1, 2015.
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Sec. 473
Increased income protection allowance for independent students with dependents other than a spouse
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