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Walker v. Bayer Corporation, et al. The case involved hemophiliacs who contracted the HIV virus from contaminated blood products. Note: If the payments are placed in an account that earns interest, the interest may be countable. Follow procedures in MA-2250, Income, VIII. M. to calculate interest income. 12. Grants, scholarships, and fellowships are amounts paid by private nonprofit agencies, the U.S. government, instrumentalities or agencies of the U.S., state and local governments, foreign governments, and private concerns to enable qualified individuals to further their education and training by scholastic or research work, etc. a. Any portion of educational assistance that is not used to pay current tuition, fees or other necessary educational expenses, but will be used for paying this type of educational expense at a future date is excluded from resources for 9 months beginning the month after the month it was received. This applies to undergraduate as well as graduate students. b. All financial assistance received by undergraduate/graduate students for educational purposes made under the Higher Education Act of 1965 (HEA) or Bureau of Indian Affairs (BIA) student assistance programs is excluded from income and resources regardless of use. Refer to MA 2250, Income. EXAMPLES: Perkins Loans; Stafford Loans such as the National Direct (Defense) Loan; Federal Supplemental Educational Opportunity Grant (FSEOG); Pell Grants, College Work-Study Programs including PACE, NC Student Incentives Grants; Upward Bound; etc. D. Countable Liquid Assets 1. Life Insurance (See Section XII.) 2. Trust Funds (Refer to Section XI. for instructions for determining if funds are a countable resource.) 3. All other liquid assets as defined in X. E. - P. below. These are: • Cash • Patient Accounts of an Institutionalized Individual • Bank Accounts • Retirement Plans, IRA’s and 401-K Plans • Stocks and Mutual Funds, including stock owned by an individual in his/her own Corporation • Bonds and Securities • Promissory Notes • Countable Lump Sum Payments • Liquid Assets of a Business 68