S 2340 113th Congress Senate Education Higher education Student aid and college costs Tax administration and collection, taxpayers

Simplifying Financial Aid for Students Act of 2014

Introduced: May 14, 2014 Introduced by: Booker, Cory A. Democratic · New Jersey See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

May 14, 2014

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

May 14, 2014

Introduced in Senate

Plain-English summary Congressional Research Service

Simplifying Financial Aid for Students Act of 2014 - Amends title IV (Student Assistance) of the Higher Education Act of 1965 to require the Secretary of Education to provide for the use of data from the second preceding tax year when and to the extent necessary to carry out the simplification of applications used in estimating and determining financial aid eligibility. Requires such simplification to include data sharing between the Internal Revenue Service (IRS) and the Department of Education, pursuant to taxpayer consent.

Increases (from $23,000 to $30,000) the limit on the adjusted gross income that parents, in the case of dependent students, and students and their spouses, in the case of independent students with dependents other than a spouse, may make if those students are to be considered as having zero expected family contribution in the determination of their need for financial aid.

What's happening now May 14, 2014

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Committees of jurisdiction 1