A bill to amend the Higher Education Act of 1965 with respect to certain determinations concerning expected family contributions for basic educational opportunity.

[AI summary unavailable — showing source text] Provides, under the Higher Education Act, that Social Security payments shall not be counted as effective income for students if the effective family income of the student is less than $9,000. States that if the effective family income of the student is: (1) between $9,000 and $15,000, one-half of the amount received by the student from Social Security would be considered as effective income; and (2) over $15,000, all Social Security payments will be considered as effective income.…