2. For the purpose of computing the applicable exemptions, an amount is established as maximum income protection to take into account expenses incurred by the student while not pursuing full-time studies.
The amount of maximum income protection is computed by allocating $1,475 for each of the following months:
(1) the first months of the year of allocation and the other months of the calendar year ending in the year of allocation for which no expense is allowed; and
(2) the subsequent months in the year of allocation during which the student interrupts his or her full-time studies, if the student resumes the studies before the end of the year of allocation, and for which no expense is allowed.
O.C. 344-2004, s. 2; O.C. 238-2015, s. 1; O.C. 301-2016, s. 1; O.C. 1086-2017, s. 11; O.C. 108-2019, s. 11; O.C. 288-2020, s. 11; O.C. 1226-2020, s. 11.