State or federal higher education awards; determination of

income and resources when applying for assistance Sec. 7. Except as provided by federal law, if an individual receives a state or federal higher education award that is paid directly to an approved postsecondary educational institution for the individual's benefit: (1) the individual is not required to report the award as income or as a resource of the individual when applying for assistance for a dependent child under this chapter; and (2) the award may not be considered as income or a resource of the individual in determining initial or continuing eligibility for assistance for a dependent child under this chapter. [Pre-1992 Revision Citation: 12-1-7-5.2.] As added by P.L.2-1992, SEC.8. Amended by P.L.2-2007, SEC.159.