Corrected Federally Mandated Income Exclusions Released

On December 14, 2012, a correction to the July 24^th Notice of Federally Mandated Income Exclusions was released.  The following are some highlights:

Exclusion (viii) refers to scholarships, and the part that changed relates only to Section 8.  The July Notice stated that, for Section 8, “the exception… requires that the amount of financial assistance in excess of tuition shall be considered income… except for those persons with disabilities…”.

The December correction approaches this from a different angle and states that, for Section 8 programs only, “any financial assistance in excess of amounts received… for tuition and any other required fees and charges under the Higher Education Act… from private sources or an institution of higher education… shall not be considered income… if that individual is over…23 with dependent children.”

Exclusion (xxiii) was added, and states,  “Major disaster and emergency assistance… under the Robert T. Stafford Disaster Relief and Emergency Assistance Act…, comparable disaster assistance provided by States, local governments, and disaster assistance organizations shall not be considered as income or a resource when determining eligibility for or benefit levels…”.

View the complete Federal Register Notice.