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Code · STATUTE-COMPILATIONS · Compilation 767 · Sec. 406

Sec. 406. ADDITION OF A NEW PART F RELATING TO NEED ANALYSIS FOR STUDENT ASSISTANCE

383 words·~2 min read·/statute-compilations/comps-767/sec-406

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## SEC. 406 ADDITION OF A NEW PART F RELATING TO NEED ANALYSIS FOR STUDENT ASSISTANCE ###
(a)Amendment Title IV of the Act is further amended by redesignating part F as part G and by inserting after part E the following new part: * * * * * * * **[**Text as amended printed earlier in this volume.**]** ###
(b)Effective Dates for Need Analysis Provisions ####
(1)Except as provided in paragraphs
(2)through (4)— #####
(A)part F of title IV of the Act shall apply with respect to determinations of need under such title for academic years beginning with academic year 1988–1989 and succeeding academic years; and #####
(B)for any preceding academic year, determinations of need shall be made in accordance with regulations prescribed by the Secretary of Education in accordance with the Student Financial Assistance Technical Amendments Act of 1982. ####
(2)With respect to an application filed after the date of enactment of this Act for a loan under part B of such title for any academic year preceding academic year 1988–1989, any determination of expected family contribution shall be made using the system of financial need analysis approved by the Secretary of Education for use under subpart 2 of part A and parts C and E of such title. ####
(3)For purposes of sections 413D(d)(2)(B), 442(d)(2)(B) and 462(d)(2)(B) for any academic year preceding academic year 1988–1989, the Secretary shall, in lieu of average expected family contribution, use the procedures for sampling expected family contribution within income categories that was employed for academic year 1986–1987, adjusted to reflect changes in data. ####
(4)Section 479B of the Act (as so added) shall apply with respect to financial assistance provided for any academic year beginning after such date of enactment. ####
(5)The definition of independent student contained in section 480(d) of the Act as amended by subsection
(a)of this section shall apply with respect to the determination of such need for periods of enrollment beginning on or after January 1, 1987 programs operated under part B of title IV of the Act, or for periods of enrollment beginning on or after July 1, 1987, in the case of programs operated under subpart 2 of part A and parts C and E of such title.
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