[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 426 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
                                 S. 426

To amend the Higher Education Act of 1965 to adjust the needs analysis 
                to protect more of a student's earnings.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 12, 1997

   Mr. Dodd introduced the following bill; which was read twice and 
         referred to the Committee on Labor and Human Resources

_______________________________________________________________________

                                 A BILL


 
To amend the Higher Education Act of 1965 to adjust the needs analysis 
                to protect more of a student's earnings.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. STUDENT EARNINGS.

    (a) Short Title.--This section may be cited as the ``Better 
Financial Aid for Working Students Act of 1997''.
    (b) Amendments.--Section 475(g) of the Higher Education Act of 1965 
(20 U.S.C. 1087oo(g)) is amended--
            (1) in paragraph (2)(D), by striking ``$1,750'' and 
        inserting ``$3,500''; and
            (2) in paragraph (5), by striking ``at 50 percent'' and 
        inserting ``at--
                    ``(A) 35 percent for available income less than or 
                equal to $1,500; and
                    ``(B) 50 percent for available income greater than 
                $1,500''.
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