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It's interesting to note the changes this coming year. Pages 3-6 on the PDF detail who qualifies for independent status (remember that most aid offices will require documentation for these!!) and who qualifies for Automatic 0 EFC and Simplified formulas (both exclude assets). The intesting thing here is the fact that a dislocated worker can qualify for Simplified formula if the income is $50,000 or less and they can be classified as a dislocated worker by the definition (they don't have to follow the eligible-to-file-1040A/EZ or someone-had-a-federal-means-tested-benefit rule, just the income threshold). This is a big deal for those who got a lump sum when they were kicked out the door - that asset won't be counted.
Profile is another story, of course!
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