(b)
Data elements
The following data elements are considered in determining the expected family contribution:
(1)
the available income of
(A)
the student and the student’s spouse, or
(B)
the student and the student’s parents, in the case of a dependent student;
(2)
the number of dependents in the family of the student;
(3)
the number of dependents in the family of the student, excluding the student’s parents, who are enrolled or accepted for enrollment, on at least a half-time basis, in a degree, certificate, or other program leading to a recognized educational credential at an institution of higher education that is an eligible institution in accordance with the provisions of section
1094 of this title and for whom the family may reasonably be expected to contribute to their postsecondary education;
(4)
the net assets of
(A)
the student and the student’s spouse, and
(B)
the student and the student’s parents, in the case of a dependent student;
(5)
the marital status of the student;
(6)
the age of the older parent, in the case of a dependent student, and the student; and
(7)
the additional expenses incurred
(A)
in the case of a dependent student, when both parents of the student are employed or when the family is headed by a single parent who is employed, or
(B)
in the case of an independent student, when the student is married and the student’s spouse is employed, or when the employed student qualifies as a surviving spouse or as a head of a household under section
2 of title
26.