Sec. 2. Increasing support for working students by 35 percent

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Section 475(g)(2)(D) of the Higher Education Act of 1965 ( 20 U.S.C. 1087oo(g)(2)(D) ) is amended to read as follows: an income protection allowance (or a successor amount prescribed by the Secretary under section 478) of $9,010 for academic year 2020–2021; . Section 476(b)(1)(A)(iv) of the Higher Education Act of 1965 ( 20 U.S.C. 1087pp(b)(1)(A)(iv) ) is amended to read as follows: an income protection allowance (or a successor amount prescribed by the Secretary under section 478)— for single or separated students, or married students where both are enrolled pursuant to subsection (a)(2), of $14,010 for academic year 2020–2021; and for married students where 1 is enrolled pursuant to subsection (a)(2), of $22,460 for academic year 2020–2021; .

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 2020–2021: Income Protection Allowance Family Size Number in College (including student) 1 2 3 4 5 For each additional subtract: 2 $36,370 $30,160 $6,180 3 45,290 39,100 $32,890 4 55,920 49,720 43,540 $37,300 5 65,990 59,750 53,570 47,360 $41,180 6 77,170 70,960 64,790 58,540 52,370 For each additional add: 8,710 .

Section 478(b) of the Higher Education Act of 1965 ( 20 U.S.C. 1087rr(b) ) is amended— in paragraph (1), by striking subparagraphs

(A)and

(B)and inserting the following: For each academic year after academic year 2020–2021, the Secretary shall publish in the Federal Register a revised table of income protection allowances for the purpose of sections 475(c)(4) and 477(b)(4), subject to subparagraphs

(B)and (C). For each academic year after academic year 2020–2021, the Secretary shall develop the revised table of income protection allowances by increasing each of the dollar amounts contained in the table of income protection allowances under section 477(b)(4) by a percentage equal to the estimated percentage increase in the Consumer Price Index (as determined by the Secretary for the most recent calendar year ending prior to the beginning of the academic year for which the determination is being made), and rounding the result to the nearest $10. ; and in paragraph (2), by striking shall be developed and all that follows through the period at the end and inserting shall be developed for each academic year after academic year 2020–2021, by increasing each of the dollar amounts contained in such section for academic year 2020–2021 by a percentage equal to the estimated percentage increase in the Consumer Price Index (as determined by the Secretary for the most recent calendar year ending prior to the beginning of the academic year for which the determination is being made), and rounding the result to the nearest $10. . The amendments made by this section shall take effect beginning on July 1, 2020 and shall apply to grant and award determinations made under title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1001 et seq.) beginning with the 2020–2021 award year.

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Sec. 2

Increasing support for working students by 35 percent

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