asked the Minister for Education whether money vested in a covenant is in fact taken into account as part of gross income for the purposes of a higher education grant; and if she will accept contradiction in this regard.
Written Answers. - Higher Education Grant.
362.
For a candidate to be eligible for the award of a higher education grant, the "Reckonable income" of the candidate and of the candidate's parents or guardians shall conform to the income categories set out in the grants scheme. For the purpose of the scheme the term "Reckonable income" means gross income from all sources, less any sum paid by way of contribution to a superannuation fund, and excluding also Children's Allowances under the Social Welfare Acts, holiday earnings of the candidate and payments under the Family Income Supplement Scheme. There is no provision in the Higher Education Grants Scheme whereby covenanted income may be excluded for the purpose of determining reckonable income.