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(ii) Student financial assistance for tuition, <br />books, and supplies (including supplies and <br />equipment to support students with learning <br />disabilities or other disabilities), room and <br />board, and other fees required and charged to a <br />student by an institution of higher education <br />(as defined under Section 102 of the Higher <br />Education Act of 1965 (20 U.S.C. 1002)) and, <br />for a student who is not the head of household <br />or spouse, the reasonable and actual costs of <br />housing while attending the institution of <br />higher education and not residing in an <br />assisted unit. <br />(A) Student financial assistance, for purposes <br />of this paragraph (9)(ii), means a grant or <br />scholarship received from— ( <br />1) The Federal government; <br />(2) A State, Tribe, or local government; <br />(3) A private foundation registered as a <br />nonprofit under 26 U.S.C. 501(c)(3); <br />(4) A business entity (such as corporation, <br />general partnership, limited liability company, <br />limited partnership, joint venture, business <br />trust, public benefit corporation, or nonprofit <br />entity); or <br />(5) An institution of higher education. <br />(B) Student financial assistance, for purposes <br />of this paragraph (9)(ii), does not include— <br />(1) Any assistance that is excluded pursuant to <br />paragraph (b)(9)(i) of this section; <br />(2) Financial support provided to the student in <br />the form of a fee for services performed (e.g., <br />a work study or teaching fellowship that is not <br />excluded pursuant to paragraph (b)(9)(i) of this <br />section); ( <br />3) Gifts, including gifts from family or friends; <br />or <br />(4) Any amount of the scholarship or grant <br />that, either by itself or in combination with <br />assistance excluded under this paragraph or <br />paragraph (b)(9)(i), exceeds the actual covered <br />costs of the student. The actual covered costs <br />of the student are the actual costs of tuition, <br />books and supplies (including supplies and <br />equipment to support students with learning <br />disabilities or other disabilities), room and <br />board, or other fees required and charged to a <br />student by the education institution, and, for a <br />student who is not the head of household or <br />spouse, the reasonable and actual costs of <br />housing while attending the institution of <br />higher education and not residing in an <br />assisted unit. This calculation is described <br />further in paragraph (b)(9)(ii)€ of this section. <br />(C) Student financial assistance, for purposes <br />of this paragraph (b)(9)(ii) must be: <br />(1) Expressly for tuition, books, room and <br />board, or other fees required and charged to a <br />student by the education institution; <br />(2) Expressly to assist a student with the costs <br />of higher education; or <br />(3) Expressly to assist a student who is not the <br />head of household or spouse with the <br />reasonable and actual costs of housing while <br />attending the education institution and not <br />residing in an assisted unit. <br />(D) Student financial assistance, for purposes <br />of this paragraph (b)(9)(ii), may be paid <br />directly to the student or to the educational <br />institution on the student’s behalf. Student <br />financial assistance paid to the student must be <br />verified by the responsible entity as student <br />financial assistance consistent with this <br />paragraph (b)(9)(ii). <br />(E) When the student is also receiving <br />assistance excluded under paragraph (b)(9)(i) <br />of this section, the amount of student financial <br />assistance under this paragraph (b)(9)(ii) is <br />determined as follows: <br />EXHIBIT 1