3.0.0 1872 2023-01-11T13:30:02Z 2023-01-11T13:30:02Z Senate S 2015-07-27 114 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2015-07-27T23:10:52Z Simplifying Financial Aid for Students Act of 2015 114 3446 HR 2016-03-23 Referred to the Subcommittee on Higher Education and Workforce Training. Identical bill CRS 2015-07-27 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2015-07-27 Introduced in Senate IntroReferral 10000 9 Library of Congress B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ N H001042 Sen. Hirono, Mazie K. [D-HI] Mazie Hirono D HI K. 2015-07-27 True F000457 Sen. Franken, Al [D-MN] Al Franken D MN 2015-07-27 True S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2015-07-27 True S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. 2015-07-27 True K000384 Sen. Kaine, Tim [D-VA] Timothy Kaine D VA M. 2015-07-27 True M000702 Sen. Mikulski, Barbara A. [D-MD] BARBARA MIKULSKI D MD ANN 2015-07-27 True T000464 Sen. Tester, Jon [D-MT] Jon Tester D MT 2015-07-27 True M000133 Sen. Markey, Edward J. [D-MA] Edward Markey D MA J. 2015-07-27 True M001169 Sen. Murphy, Christopher [D-CT] Christopher Murphy D CT S. 2015-07-27 True S001194 Sen. Schatz, Brian [D-HI] Brian Schatz D HI 2015-07-27 True M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2015-07-27 True P000595 Sen. Peters, Gary C. [D-MI] Gary Peters D MI 2015-07-29 False B000944 Sen. Brown, Sherrod [D-OH] Sherrod Brown D OH 2015-07-30 False Education Higher education Student aid and college costs Tax administration and collection, taxpayers Education 00 2015-07-27 Introduced in Senate 2015-10-16T15:39:25Z Simplifying Financial Aid for Students Act of 2015

This bill amends title IV (Student Assistance) of the Higher Education Act of 1965 to require the Department of Education (ED) to provide for the use of tax information from the second preceding tax year (the "prior, prior year") to determine a student's financial aid eligibility. It requires data sharing between the Internal Revenue Service and ED, pursuant to taxpayer consent.

The bill also increases from $23,000 to $30,000 the adjusted gross income threshold used to determine whether a student qualifies for an automatic zero expected family contribution (EFC) in the calculation of such student's financial need. A dependent student is eligible for an automatic zero EFC if the student's parents have adjusted gross income up to $30,000. An independent student with non-spouse dependents is eligible for a zero EFC if the student and spouse have adjusted gross income up to $30,000.

]]> Simplifying Financial Aid for Students Act of 2015 Display Title Simplifying Financial Aid for Students Act of 2015 Official Title as Introduced A bill to amend the Higher Education Act of 1965 to require the Secretary to provide for the use of data from the second preceding tax year to carry out the simplification of applications for the estimation and determination of financial aid eligibility, to increase the income threshold to qualify for zero expected family contribution, and for other purposes. Introduced in Senate IS Short Titles as Introduced Simplifying Financial Aid for Students Act of 2015 Introduced in Senate 2015-07-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s1872is/xml/BILLS-114s1872is.xml 2015-07-27 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.