Code · BILL · 116th Congress · S. 2114 (Introduced in Senate) — To provide the legal framework and income tax treatment necessary for the growth of innovative private financing opti... · Sec. 301

Sec. 301. 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 a Qualified ISA or an income-share agreement 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. 301

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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