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-› SIMPLIFIED NEEDS TEST
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SIMPLIFIED NEEDS TEST
A formula used in the Federal Methodology for families whose Adjusted Gross Income (AGI) is less than $50,000 and who file either the 1040A or 1040EZ IRS forms. In this formula, a family's assets are not included.
See also: STATEMENT OF EDUCATIONAL PURPOSE , BUSINESS FARM SUPPLEMENT , DEFAULT , FIXED INTEREST , SIMPLIFIED NEEDS TEST |
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Petersons Dictionary of Financial Aid Terms INDEX:List of Terms: Terms beginning with "A", Page 1 |
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Page Number:
1 A: Page 1 of 1.
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