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<p class=MsoNormal>Yes, I finally got it finished, it’s attached. I
can’t announce it on Finaid-L until it is posted to the web because
Finaid-L doesn’t allow attachments. But feel free to share it with
anyone else that you think would find it helpful. <o:p></o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal><span style='font-size:9.0pt'>Pam McConahay<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:9.0pt'>Associate Director, University
of Oklahoma Financial Aid Services<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:9.0pt'>1000 Asp Ave, Room 216,
Norman, OK 73019-4078<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:9.0pt'>(405) 325-4617 Fax (405)
325-3657 <o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:9.0pt'>pmcconahay@ou.edu<o:p></o:p></span></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal><o:p> </o:p></p>
<p class=MsoNormal style='text-autospace:none'><span style='font-size:10.0pt;
font-family:"Comic Sans MS";color:black'>Each year, I prepare a chart to help
financial aid administrators determine if a person who filed a 1040 was
actually eligible to file a 1040A or 1040EZ. The purpose of the chart is
to help you and your applicants accurately answer Questions 34 and 88 on the
FAFSA. 3/17/06: I've prepared the chart for use with 2008 tax
returns. <o:p></o:p></span></p>
<p class=MsoNormal style='text-autospace:none'><span style='font-size:10.0pt;
font-family:"Comic Sans MS";color:black'> A couple of reminders:<o:p></o:p></span></p>
<p class=MsoNormal style='text-autospace:none'><span style='font-size:10.0pt;
font-family:"Comic Sans MS";color:black'><o:p> </o:p></span></p>
<p class=MsoNormal style='text-autospace:none'><span style='font-size:10.0pt;
font-family:"Comic Sans MS";color:black'>a) THIS CHART DOES NOT
DETERMINE WHO IS ELIGIBLE FOR THE SIMPLIFIED<o:p></o:p></span></p>
<p class=MsoNormal style='text-autospace:none'><span style='font-size:10.0pt;
font-family:"Comic Sans MS";color:black'>NEEDS TEST. It simply helps you
determine ONE eligibility factor, whether the person was eligible to file a
1040A or EZ. The requirements to be eligible for the Simple Needs Test or
Automatic Zero EFC are shown at the bottom of the page. <o:p></o:p></span></p>
<p class=MsoNormal style='text-autospace:none'><span style='font-size:10.0pt;
font-family:"Comic Sans MS";color:black'><o:p> </o:p></span></p>
<p class=MsoNormal style='text-autospace:none'><span style='font-size:10.0pt;
font-family:"Comic Sans MS";color:black'>b) The AGI limit for filing a
1040A or EZ went up to $100,000 a couple of years ago. That did NOT
change the ED requirement that the AGI be less than $50,000 to qualify for the
Simplified Needs Test.<o:p></o:p></span></p>
<p class=MsoNormal style='text-autospace:none'><span style='font-size:10.0pt;
font-family:"Comic Sans MS";color:black'><o:p> </o:p></span></p>
<p class=MsoNormal style='text-autospace:none'><span style='font-size:10.0pt;
font-family:"Comic Sans MS";color:black'>A few new things for the 2008 chart:<o:p></o:p></span></p>
<p class=MsoNormal style='text-autospace:none'><span style='font-size:10.0pt;
font-family:"Comic Sans MS";color:black'><o:p> </o:p></span></p>
<p class=MsoNormal style='text-autospace:none'><span style='font-size:10.0pt;
font-family:"Comic Sans MS";color:black'>a) Line 13 Capital Gain or
Loss---I noted that if the taxpayer indicated he was not required to file
Schedule D, you can ignore the income on this line when determining if he was
eligible to file a 1040A/EZ. This is to be consistent with the FAFSA
instructions for questions 34/84. <o:p></o:p></span></p>
<p class=MsoNormal style='text-autospace:none'><span style='font-size:10.0pt;
font-family:"Comic Sans MS";color:black'><o:p> </o:p></span></p>
<p class=MsoNormal style='text-autospace:none'><span style='font-size:10.0pt;
font-family:"Comic Sans MS";color:black'>b) Eligibility for the Simplified
Needs Test was expanded to students and parents who received benefits from a
"means-tested Federal benefit program" (examples include programs
such as SSI, Food Stamps, School Lunch, TANF, special nutrition program
for women, infants and children, or other programs identified by the
Secretary). In 2008-2009, it was for those who received those
benefits in the prior calendar year (the base income year being reported on the
FAFSA). For 2009-2010, it has been expanded to include anyone who has
received those benefits within the last TWO calendar years, 2007 and
2009. <o:p></o:p></span></p>
<p class=MsoNormal style='text-autospace:none'><span style='font-size:10.0pt;
font-family:"Comic Sans MS";color:black'><o:p> </o:p></span></p>
<p class=MsoNormal style='text-autospace:none'><span style='font-size:10.0pt;
font-family:"Comic Sans MS";color:black'>c) EfFective for 2009-2010, a
parent being considered a dislocated worker is also grounds for being eligible
for the Simple Needs Test. <o:p></o:p></span></p>
<p class=MsoNormal><o:p> </o:p></p>
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