Laws & Guidance HIGHER EDUCATION
1998 Amendments to the Higher Education Act of 1965
P.L. 105-244

TITLE IV--STUDENT ASSISTANCE

PART F--NEED ANALYSIS

SEC. 476. REGULATIONS; UPDATED TABLES AND AMOUNTS

Section 478(b) (20 U.S.C. 1087rr(b)) is amended--

(1) by striking `For each academic year' and inserting the following:

`(1) REVISED TABLES- For each academic year'; and

(2) by adding at the end the following new paragraph:

`(2) REVISED AMOUNTS- For each academic year after academic year 2000-2001, the Secretary shall publish in the Federal Register revised income protection allowances for the purpose of sections 475(g)(2)(D) and 476(b)(1)(A)(iv). Such revised allowances shall be developed by increasing each of the dollar amounts contained in such section by a percentage equal to the estimated percentage increase in the Consumer Price Index (as determined by the Secretary) between December 1999 and the December next preceding the beginning of such academic year, and rounding the result to the nearest $10.'.

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Last Modified: 09/25/2003