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20 U.S.C. § 1087kk — Amount of need

submitted 40 years ago by Pub. L. 89-329 to r/title-20-EDUCATION · 83 words · no verdicts yet

in plain englishAI-generated · not legal advice

For award year 2024–2025 and later years, a student’s need is the cost of attendance minus the student aid index and minus other financial assistance not received under this subchapter.

Except where another rule applies, for award year 2024–2025 and every later award year, a student’s need for financial help under this subchapter—except subparts 1 and 2 of part A—is calculated step by step: start with the student’s cost of attendance; subtract the student aid index defined in section 1087mm; then subtract other financial assistance not received under this subchapter, as defined in section 1087vv(i).
the actual law source: uscode.house.gov ↗public domain

Except as otherwise provided therein, for award year 2024–2025 and each subsequent award year, the amount of need of any student for financial assistance under this subchapter (except subpart 1 or 2 of part A) is equal to—

(1)

the cost of attendance of such student, minus

(2)

the student aid index (as defined in section 1087mm of this title) for such student, minus

(3)

other financial assistance not received under this subchapter (as defined in section 1087vv(i) of this title).

Source credit: (Pub. L. 89–329, title IV, § 471, as added Pub. L. 99–498, title IV, § 406(a), Oct. 17, 1986, 100 Stat. 1454; amended Pub. L. 102–325, title IV, § 471(a), July 23, 1992, 106 Stat. 585; Pub. L. 105–244, title IV, § 480(a), Oct. 7, 1998, 112 Stat. 1732; Pub. L. 116–260, div. FF, title VII, § 702(a)(1), Dec. 27, 2020, 134 Stat. 3138; Pub. L. 117–103, div. R, § 102(b)(2), Mar. 15, 2022, 136 Stat. 819.)

history & why it existsrecord from the source credit
  • 1986Enacted · Pub. L. 89-329 · 100 Stat. 1454
  • 1992Amended · Pub. L. 102-325 · 106 Stat. 585
  • 1998Amended · Pub. L. 105-244 · 112 Stat. 1732
  • 2020Amended · Pub. L. 116-260 · 134 Stat. 3138
  • 2022Amended · Pub. L. 117-103 · 136 Stat. 819

A history note hasn’t been published yet. The record shows enactment by Pub. L. 89-329 on 1986-10-17.

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