(Revised 05/01/13 ML3365)
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IM 5284
For both eligible and ineligible students financial aid and educational funds such as scholarships, work study, assistantships, fellowships, internships or stipends are excluded.
Verification of financial aid is not required.
Eligible Student
All income, other than financial aid and educational funds, such as wages from employment, self-employment and unearned income are counted in determining eligibility and benefit level.
Ineligible Student
The income of an ineligible student living with a household is not considered in determining eligibility or level of benefits, unless the student makes the money available to the other household members.
When an ineligible student makes money available (e.g. deposit to joint account) from a countable income source to other household members it is counted as unearned income.
- The net earned income of the ineligible student is the portion counted as unearned income when the ineligible student is making all of their earned income available to the household.
- Cash payments from any countable income source made to the household by the ineligible student are treated as unearned income to the household.
- When the earned income of an ineligible student and other household members is combined into one wage, the income is determined as follows:
- If the household's share can be identified, count the portion due to the household as earned income.
- If the household's share cannot be identified, prorate the earned income among individuals earning the combined wage. The portion of the prorated amount is counted as earned income.
