Need help with Simplified Needs Test

<p>I'm a married active duty military service member. My AGI is around $15,000 and I have around $25,000 in non-taxable allowance. I have saved some cash in my saving account because I just came back from a 11 months long deployment. I'm getting out of military and applying Pell Grant. Do I qualify for Simplified Needs Test that exempt my assets from calculating my EFC? Thank you.</p>

<p>You may qualify for SNT if

  1. Student/Spouse AGI less than $50,000 and
  2. Student/Spouse able to file 1040A, 1040EZ or not required to file</p>