Notices. Notice; correction
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/register/2015/08/03/2015-18991A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
BILLING CODE 4000-01-P DEPARTMENT OF EDUCATION 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 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. 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. 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 is And they are Married Single Then the education savings and asset protection allowance is— 25 or less 0 0 26 1,000 500 27 2,100 1,100 28 3,100 1,600 29 4,100 2,100 30 5,200 2,600 31 6,200 3,200 32 7,200 3,700 33 8,300 4,200 34 9,300 4,700 35 10,300 5,300 36 11,400 5,800 37 12,400 6,300 38 13,400 6,800 39 14,500 7,400 40 15,500 7,900 41 15,900 8,100 42 16,300 8,300 43 16,600 8,500 44 17,000 8,600 45 17,400 8,800 46 17,800 9,000 47 18,300 9,200 48 18,700 9,400 49 19,200 9,700 50 19,700 9,900 51 20,200 10,100 52 20,700 10,400 53 21,300 10,600 54 21,800 10,900 55 22,400 11,100 56 23,000 11,400 57 23,700 11,700 58 24,300 12,000 59 25,000 12,300 60 25,700 12,600 61 26,400 12,900 62 27,200 13,200 63 27,900 13,600 64 28,800 13,900 65 or older 29,600 14,300 Independent Students With Dependents Other Than a Spouse If the age of the student is And they are Married Single Then the education savings and asset protection allowance is— 25 or less 0 0 26 1,000 500 27 2,100 1,100 28 3,100 1,600 29 4,100 2,100 30 5,200 2,600 31 6,200 3,200 32 7,200 3,700 33 8,300 4,200 34 9,300 4,700 35 10,300 5,300 36 11,400 5,800 37 12,400 6,300 38 13,400 6,800 39 14,500 7,400 40 15,500 7,900 41 15,900 8,100 42 16,300 8,300 43 16,600 8,500 44 17,000 8,600 45 17,400 8,800 46 17,800 9,000 47 18,300 9,200 48 18,700 9,400 49 19,200 9,700 50 19,700 9,900 51 20,200 10,100 52 20,700 10,400 53 21,300 10,600 54 21,800 10,900 55 22,400 11,100 56 23,000 11,400 57 23,700 11,700 58 24,300 12,000 59 25,000 12,300 60 25,700 12,600 61 26,400 12,900 62 27,200 13,200 63 27,900 13,600 64 28,800 13,900 65 or older 29,600 14,300 Independent Students Without Dependents Other Than a Spouse If the age of the student is And they are Married Single Then the education savings and asset protection allowance is— 25 or less 0 0 26 1,000 500 27 2,100 1,100 28 3,100 1,600 29 4,100 2,100 30 5,200 2,600 31 6,200 3,200 32 7,200 3,700 33 8,300 4,200 34 9,300 4,700 35 10,300 5,300 36 11,400 5,800 37 12,400 6,300 38 13,400 6,800 39 14,500 7,400 40 15,500 7,900 41 15,900 8,100 42 16,300 8,300 43 16,600 8,500 44 17,000 8,600 45 17,400 8,800 46 17,800 9,000 47 18,300 9,200 48 18,700 9,400 49 19,200 9,700 50 19,700 9,900 51 20,200 10,100 52 20,700 10,400 53 21,300 10,600 54 21,800 10,900 55 22,400 11,100 56 23,000 11,400 57 23,700 11,700 58 24,300 12,000 59 25,000 12,300 60 25,700 12,600 61 26,400 12,900 62 27,200 13,200 63 27,900 13,600 64 28,800 13,900 65 or older 29,600 14,300 *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 . *Electronic Access to This Document:* The official version of this document is the document published in the **Federal Register** . Free Internet access to the official edition of the **Federal Register** and the Code of Federal Regulations is available via the Federal Digital System at: *www.gpo.gov/fdsys.* At this site you can view this document, as well as all other documents of this Department published in the **Federal Register** , in text or Adobe Portable Document Format (PDF). To use PDF you must have Adobe Acrobat Reader, which is available free at this site. You may also access documents of the Department published in the **Federal Register** by using the article search feature at: *www.federalregister.gov.* Specifically, through the advanced search feature at this site, you can limit your search to documents published by the Department. Program Authority: 20 U.S.C. 1087rr. Dated: July 28, 2015. James W. Runcie, Chief Operating Officer Federal Student Aid. [FR Doc. 2015-18991 Filed 7-31-15; 8:45 am]
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