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UPDATED: JANUARY 2009

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INCOME

LIF DISREGARDS

If the under age 21 A/R is a part-time student all earned income is countable.

School and Employment Status Income Disregarded Full-time student employed full-time Yes (Income disregarded for up to six months per calendar year) Full-time student employed part-time Yes Part-time student employed full-time No Part-time student employed part-time Yes

NOTE: Summer employment is seasonal and not considered full-time employment.

Graduate Educational Grants or Scholarships - Educational grants, fellowships or scholarships for a graduate student, obtained and used for educational purposes only. This precludes their use for meeting current living expenses. The student must attest to this in writing. The language of the attestation attached to 83 ADM-67 must be used without change.

When an A/R is in receipt of a graduate assistantship, the local district receives verification from the financial aid office involved to determine if the assistantship is considered employment or an educational grant. If the assistantship is a grant, it is treated as outlined in the previous paragraph. When the assistantship is considered employment, the A/R receives any appropriate earned income disregards (See INCOME EARNED INCOME DISREGARD), but additional deductions for educational expenses are not allowed.

School Meals - The value of free school meals.

Student Loans - Student loans received by a graduate or undergraduate student.

Undergraduate Educational Grants, Scholarships or Work-Study - Educational grants, scholarships, fellowships or work-study for undergraduate students.

(MRG)