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Except for those portions administered, funded, or insured under 20 U.S.C. 1070 - 1099c-2 (Title IV of the Higher Education Act of 1965), or under a United States Bureau of Indian Affairs student assistance program, an educational grant, scholarship, or other award for educational purposes available to an individual whose income is used to determine the ATAP benefits of an assistance unit is income according to the following calculation:
(1) the department will total all educational grants, scholarships, awards, and any other type of earned or unearned income that is received specifically because of the individual's status as a student and that must be used to pay tuition and fees;
(2) from the total calculated under (1) of this section, the department will subtract the actual amount paid for
(A) tuition and mandatory school fees at any educational institution, including correspondence schools or a school for persons with physical or mental disabilities;
(B) books, school supplies, special clothing, tools, or other items that are considered necessary to the student's course of study; and
(C) the child care necessary to allow that student to attend school;
(3) after subtracting expenses from income, in accordance with (1) and (2) of this section, the department will prorate, over the educational period that it is intended to cover, the amount of the grant, scholarship, or other award.
History: Eff. 8/5/92, Register 123; am 10/1/97, Register 143; am 1/7/2005, Register 173
Authority: AS 47.05.010
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Last modified 7/05/2006