92 STAT. 2402
PUBLIC LAW 95-566—NOV. 1, 1978
Public Law 95-566 95th Congress
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An Act Nov. 1. 1978 [S. 2539]
To amend title IV of the Higher Education Act of 1965 to increase the availability of assistance to middle-income students.
Be it enacted by the Senate and House of Representatives of the Middle Income United States of America in Congress assembled, That this Act may Student be cited as the "Middle Income Student Assistance Act". Assistance SEC. 2. (a) Section 411(a)(3)(B) of the Higjier Education Act of Act 1965 (hereinafter in this Act referred to as the " Act ") is amended by 20 USC 1001 adding at the end thereof the following new division: note. " ( i v) I n determining the expected family contribution under this Basic educational subparagraph for any academic year after academic year 1978-1979, opportunity an assessment rate of not more than 10,5 per centum shall be applied grants. to parental discretionary income.". 20 USC 1070a. (b) Section 411(a)(3)(C) of the Act is amended by a d d i n g at the end thereof the following: " I n addition, such regulations shall— " (i) provide that the portion of assets which shall be exempt from assessment for contribution for an independent student who has one or more dependents shall be the same as the portion so exempt for the family of a dependent student; " (ii) provide that the rate of assessment for contribution on that portion of assets of such an independent student which is not exempt under division (i) shall be the same as the rate applied to the comparable portion of assets of the family of a dependent student; and (iii) in establishing a portion of effective family income which shall be exempt from assessment for contribution by reason of subsistence requirements of independent students who have no dependents, use the same method for computation of such portion for such students as is used for dependent students and for independent students who have dependents.". (c) Section 411(b)(3)(B)(i) is amended— (1) by redesignating subdivisions ( II), ( H I), and ( IV) as subdivisions ( IV), (V), and ( VI), r e s p e c t i v e l y; and (2) by striking out subdivision (I) and inserting in lieu thereof the following: " (I) the full amount in the case of any entitlement which exceeds $1,600; " ( II) in the case of any entitlement which exceeds $1,200 but does not exceed $1,600,90 per centum thereof; " ( III) in the case of any entitlement which exceeds $1,000 but does not exceed $1,200,75 per centum thereof;". (d) Section 4 1 1 (b)(5) of the Act is amended to read as follows: " (5) No payment may be made on the basis of entitlements established under this subpart during the fiscal year ending September 30, 1980, if, for such fiscal year— i,r,z %isi;i " (A) the appropriation for making, g r a n t s under subpart 2 of this part does not at least equal $370,000,000; .{iTO'ifcfr " (B) the appropriation for work-study payments under 42 USC 2751. section 441 of this title does not at least equal $500,000,000; and h-iK,fi';IB:./'; 5MiS«-?fiq.v-iuM
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