ERIC Number: ED053659
Record Type: RIE
Publication Date: 1969-Dec
Reference Count: 0
On the Determination of Effective Income in CSS Needs Analysis Procedures.
Bowman, James L.
This paper sets forth a critique of the effective income concept currently (1969) in use by the College Scholarship Service in its needs analysis system, and proposes certain changes in the allowance structure. Basically, the proposed changes are: (1) that provision be made for including state income and sales taxes as an allowance in computing effective income; (2) that a variable housekeeping allowance based on size of income for working mothers be substituted for the current allowance of 25% of income; (3) that a variable base amount for medical expenditures based upon income be substituted for the current base amount of $600; (4) that provision be made for including ALL debt (excepting automobile debt) as an allowance in computing effective income; (5) that the provision of an allowance for tuition expenses at feecharging elementary and secondary schools be discontinued. (JS)
Descriptors: Educational Finance, Financial Needs, Financial Support, Higher Education, Student Needs
College Scholarship Service, Educational Testing Service, Princeton, New Jersey 08540
Publication Type: N/A
Education Level: N/A
Authoring Institution: Educational Testing Service, Princeton, NJ.