<p>A new addition to the 10/11 EFC Formula Guide specifies that 1040 filers will now qualify for the simplified needs test and automatic 0 EFC if they filed a 1040 (instead of 1040A or EZ) simply to claim an education tax credit. Previously these folks had been excluded from auto 0 and SNT, although they would have otherwise met the criteria. I know there was a thread or two on this last spring...don't know if people will now have to amend their FAFSA in any way to get a new EFC though! </p>
Applicants who are not required to complete an IRS Form 1040, but do so solely to claim an educational tax credit, are considered eligible if they meet all the other requirements for the simplified EFC formulas.
<p>IFAP</a> - EFC Formula Guide</p>