113 S2796 IS: Working Student Act of 2014 U.S. Senate 2014-09-11 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II113th CONGRESS2d SessionS. 2796IN THE SENATE OF THE UNITED STATESSeptember 11, 2014Ms. Baldwin (for herself and Mr. Kaine) introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and PensionsA BILLTo amend the Higher Education Act of 1965 to increase the income protection allowances.

1.

Short title

This Act may be cited as the Working Student Act of 2014.

2.

Support for working students

(a)

Dependent students

Section 475(g)(2)(D) of the Higher Education Act of 1965 (20 U.S.C. 1087oo(g)(2)(D)) is amended to read as follows:(D)an income protection allowance (or a successor amount prescribed by the Secretary under section 478) of $8,451 for academic year 2015–2016;.(b)

Independent students without dependents other than a spouse

Section 476(b)(1)(A)(iv) of the Higher Education Act of 1965 (20 U.S.C. 1087pp(b)(1)(A)(iv)) is amended to read as follows:(iv)an income protection allowance (or a successor amount prescribed by the Secretary under section 478)—(I)for single or separated students, or married students where both are enrolled pursuant to subsection (a)(2), of $13,135 for academic year 2015–2016; and(II)for married students where 1 is enrolled pursuant to subsection (a)(2), of $21,060 for academic year 2015–2016;.(c)

Independent students with dependents other than a spouse

Section 477(b)(4) of the Higher Education Act of 1965 (20 U.S.C. 1087qq(b)(4)) is amended to read as follows:(4)

Income protection allowance

The income protection allowance is determined by the following table (or a successor table prescribed by the Secretary under section 478), for academic year 2015–2016:Income Protection AllowanceFamily SizeNumber in College(including student)12345For each additional subtract:2$33,277$27,580$4,250341,43135,761$30,078451,15145,48139,825$34,114560,35854,66149,00543,321$37,665670,59164,90859,26553,55447,898For eachadditionaladd:6,000.(d)

Updated tables and amounts

Section 478(b) of the Higher Education Act of 1965 (20 U.S.C. 1087rr(b)) is amended—(1)in paragraph (1), by striking subparagraphs (A) and (B) and inserting the following:(A)

In general

For each academic year after academic year 2015–2016, the Secretary shall publish in the Federal Register a revised table of income protection allowances for the purpose of sections 475(c)(4) and 477(b)(4), subject to subparagraphs (B) and (C).(B)

Table for independent students

For each academic year after academic year 2015–2016, the Secretary shall develop the revised table of income protection allowances by increasing each of the dollar amounts contained in the table of income protection allowances under section 477(b)(4)(D) by a percentage equal to the estimated percentage increase in the Consumer Price Index (as determined by the Secretary) between December 2014 and the December next preceding the beginning of such academic year, and rounding the result to the nearest $10.; and(2)in paragraph (2), by striking shall be developed and all that follows through the period at the end and inserting shall be developed for each academic year after academic year 2015–2016, by increasing each of the dollar amounts contained in such section for academic year 2015–2016 by a percentage equal to the estimated percentage increase in the Consumer Price Index (as determined by the Secretary) between December 2014 and the December next preceding the beginning of such academic year, and rounding the result to the nearest $10..(e)

Effective date

The amendments made by this section shall be effective on July 1, 2015.