<p>I'm at this part.</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>Do you want to skip questions about your and your parents' income and assets?</p>
<p>Note: Some schools may require answers to these questions to determine your eligibility for school aid. However, answering these questions will not affect your eligibility for federal student aid, such as a Federal Pell Grant. </p>
<p>Can I skip it?</p>
<p>I'm actually interested in the answer to this as well.</p>
<p>I qualify for the simplified needs test (but do not have an EFC of 0 nor will my son be eligible for a Pell grant.</p>
<p>Do schools still use income to calculate a new EFC even if you qualify for the simplified needs test? Isn't that contradictory? are they looking for people who have very high assets and low income to question that?</p>
<p>I answered this on another thread ... but I think it's there in case changes you make later require the info (like if you are no longer eligible for auto 0 or simplified needs) ... or if the aid officer finds you entered info incorrectly & you are not really eligible for auto0/sn. Then they will have the info already, rather than having to ask you for it. There MAY be schools that use the info for their own purposes - but I would think that those schools would tell you that they want that info.</p>
<p>For example, sometimes parents will say that they were eligible to file 1040A/1040EZ, so they won't need to enter the assets or student info ... but then we'll find that they actually had business income ... which means they were NOT eligible to file 1040A/1040EZ. In that case, we have to get the asset and student info.</p>