Bill > HR4787

This bill, the Working Students Act, aims to increase the amount of financial support available for working students by amending the Higher Education Act of 1965. The key provisions of the bill include: 1. Increasing the income protection allowance levels used to calculate a working student's expected family contribution and need for financial assistance. The income protection allowance is an amount for basic living expenses that is protected from being considered income available for postsecondary educational expenses. 2. Specifically, the bill increases the income protection allowance for dependent students, independent students without dependents other than a spouse, and independent students with dependents other than a spouse, for the 2020-2021 academic year. 3. The bill also requires the Secretary of Education to publish revised tables of income protection allowances for each academic year after 2020-2021, with the amounts increased by the estimated percentage increase in the Consumer Price Index. 4. The amendments made by this bill will take effect on July 1, 2020 and apply to grant and award determinations made under Title IV of the Higher Education Act of 1965 beginning with the 2020-2021 award year.

Education

https://www.congress.gov/bill/116th-congress/house-bill/4787/all-info