Student Financial Aid Improvement Act of 1989

[AI summary unavailable — showing source text] Student Financial Aid Improvement Act of 1989 - Amends the Higher Education Act of 1965 to revise needs analysis provisions for Pell Grants and for student aid programs generally, with respect to the following: (1) independent students; (2) prevention of double counting of income in asset computations; (3) exclusion of non-liquid assets (family home, farm, or small business); (4) treatment of award year earnings; (5) financial aid administrator discretion; and (6) restriction of parents not enrolled in a degree or certificate program.…