what are the eligibility criteria for the simplified formula or auto 0 efc?
also, to be clear here : are the rules being talked here about asset protection applicable to a private school that uses both css profile and its own FA application for inputs along with FAFSA?
copying thumper’s comment from last on the subject, my niece should have recvd auto efc 0 but was instead assesed a 1,200 efc. I wonder why.
in an auto efc 0 case, do they look at student assets? or are they protected?
‘For the 2014–2015 Award Year, a dependent student automatically qualifies for a zero EFC if both (1) and (2) are true.
(1) Anyone included in the parents’ household size (as defined on the FAFSA) received benefits during 2012 or 2013 from any of the designated means-tested federal benefit programs: the SSI Program, SNAP, the Free and Reduced Price School Lunch Program, the TANF Program7, and WIC; OR
The student’s parents:
• filed or were eligible to file a 2013 IRS Form 1040A or 1040EZ8,
• filed a 2013 IRS Form 1040 but were not required to do so9, or
• were not required to file any income tax return; OR
the student’s parent is a dislocated worker. AND
(2) The 2013 income of the student’s parents is $24,000 or less.
• For tax filers, use the parents’ adjusted gross income from the tax return to
• For non-tax filers, use the income shown on the 2013 W-2 forms of both parents (plus any other earnings from work not included on the W-2s) to determine if income is $24,000 or less.’
http://talk.collegeconfidential.com/financial-aid-scholarships/1651343-automatic-0-efc.html