Code · BILL · 115th Congress · H.R. 3145 (Introduced in House) — To provide the legal framework and income tax treatment necessary for the growth of innovative private financing opti... · Sec. 401

Sec. 401. Proceeds not treated as income in calculation of financial need under the Higher Education Act of 1965

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No portion of any amounts received by an individual for entering into an income-share agreement that complies with the requirements of section 102 of this Act shall be included as income or assets in the computation of expected family contribution for any program funded in whole or in part under the Higher Education Act of 1965 ( 20 U.S.C. 1001 et seq.).

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U.S. Code

General definition of institution of higher education
§ 1001

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Sec. 401

Proceeds not treated as income in calculation of financial need under the Higher Education Act of 1965

U.S.C.§ 1001

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