1800.5.6.7 Student Income

Budget income for each eligible student , starting with the month the income is received in the following order: Exclude all student financial assistance received under programs in Title IV of the Higher Education Act or under Bureau of Indian Affairs student assistance programs. Exclude any student assistance earmarked or made available for allowable school expenses. Exclude any remaining student assistance the student states are used for allowable student expenses. Divide the remaining education assistance by the number of months the income is intended to cover.