State Assistance Types of Unearned Income - Educational Income - Countable
(07/01/09 – 09/30/09)
Any educational income received from public or private sources that does not meet the criteria of NOT COUNTABLE Educational Income, is COUNTABLE.
Calculate the COUNTABLE educational income as follows:
Total the COUNTABLE educational income received such as the following:
Educational grants
Veteran's educational benefits
Subtract mandatory educational fees charged at an institution of higher education.
NOTE All educational expenses must be verified. (See Verification of Unearned Income)
Average the remaining amount of the educational income, when any, over the period of months the educational income is intended to cover. The resulting amount is the COUNTABLE monthly unearned income.