Eligible to Skip Question

Paying for College
1

<p>I am currently filling out my FASFA and I received this message,</p>

<p>Based on your answers to previous questions, you may skip certain income and asset questions, including:</p>

<pre><code>* Your and your parents' income taxes and exemptions.
* Your and your parents' untaxed income and income exclusions.
* Your and your parents' assets.
</code></pre>

<p>Should I skip or not skip? and will my decision affect the amount of financial aid?
What are advantages/disadvantages of answering those questions?</p>

2

<p>I assume you got those messages because your parents' AGI is $30,000 or less. Is this correct?</p>

3

<p>yes, its less than 30k</p>

4

<p>That qualifies you for automatic 0 EFC. You can skip the info - it's not used in the EFC formula, because your income automatically qualifies you for a 0 EFC. </p>

<p>Unless you have a state scholarship program that requires you list assets, you can skip the info it lets you skip.</p>

<p>Did you check that someone in family has federal means tested benefits? If not, did you check that parents are eligible to file 1040A or 1040EZ? Or is a parent a dislocated worker?</p>