FAA4.G Unearned Income Education (UNIE EDWO) : 03 Unearned Education Income - Overview
Unearned Education Income - Overview
(01/01/23 – 12/31/23)
A participant may receive financial aid. Financial aid is educational unearned income.
The source of the educational income determines whether the income is countable or not countable. (See Educational Income Overview)
The net countable educational income is established by deducting allowable educational expenses from the gross countable income.
Countable educational income is calculated on EDWO and displayed on UNIE, for participants whose income must be included in the eligibility determination.
Policy and procedures regarding educational income are outlined as follows:
NOTE When a student under age 18 has earned income, see Student Income.