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What is the simple needs test for the FAFSA?

April 26, 2017FAFSA Needs simple Test

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What is the simple needs test for the FAFSA?

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If a student was eligible to fill out a 1040EZ or 1040A or receive the federal benefits listed, then the simple needs test for the FAFSA eliminates the students, cash, savings and investments sections when calculating the Expected Family Contribution. Note that responding “No” or “I don’t know” will result in assets and investments being considered and can affect the EFC.