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

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.