Simplified Needs Test

Paying for College
1

<p>Whenever I try to calculate my EFC online (whether it be through the institutional or federal methodology), it says my family's assets are disregarded because my family qualified for the simplified needs test. What exactly is this test? Will schools (ones that use CSS Profile especially) disregard my family's assets when assessing my need? That sounds too good to be true!</p>

<p>Can anyone help me with this? My family makes about ~45k in annual income, but our home equity is nearing ~250k, so you can imagine it makes a significant difference in calculating our EFC!</p>

2

<p>The simplified needs test for FAFSA is:

</p>

<p>I did not think that it would apply to CSS/profile but I may be wrong. Hopefully someone here has more knowledge of CSS/profile than I do.</p>

3

<p>According to this table showing the differences between FM and IM. According to this IM does not have the simplified needs test.
<a href=“College Board - SAT, AP, College Search and Admission Tools”>College Board - SAT, AP, College Search and Admission Tools;

4

<p>Thanks for the info, swim. </p>

<p>My joy was short-lived. :(</p>