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West Virginia Income Maintenance Manual Chapter 4

West Virginia Income Maintenance Manual Page 228 Chapter 4 Income

• Guaranteed Student Loans, including William D. Ford Federal Direct Loan Program and Federal Direct PLUS Loans, Supplemental Loans for Students, and Federal Family Education Loan (FFEL) Program Loans. • Leveraging Educational Assistance Partnership (LEAP) and Special Leveraging Educational Assistance Partnership (SLEAP) Programs, formerly known as State Student Incentive Grants. • Federal Perkins Loans. • Federal Stafford Loans. • Robert C. Byrd Honors Scholarship. • Loans for educational expenses that meet the definition of a bona fide loan, as found in Section 4.2, Definitions. 4.16.4.C.2 College Work Study (CWS) Program Income received from CWS Programs, funded in whole or in part under Title IV of the Higher Education Act, is excluded. Income received from CWS Programs not funded under Title IV that is needed for the educational program or course of study is excluded. Any portion specifically earmarked for shelter, utilities, clothing, or incidentals not needed for the educational program or the course of study is income. Because income is usually paid to the student on the basis of work performed, and not in one lump sum, its treatment is different than that of other educational benefits. Treatment of this income depends upon whether or not the amount to be earned in one semester is known at the beginning of the semester. ➢ Earnings Known at Beginning of Semester When the amount of the earnings, or maximum amount that can be earned, is known at the beginning of the semester, the Worker prorates any portion, specifically earmarked for shelter, utilities, food, clothing, or incidentals not needed for the program or course of study, over the period of time it is intended to cover.