Simplifying Financial Aid for Students Act of 2015
Official title: 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 simplific… Show full official titleShow less
Official title: 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.
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Referred to the Subcommittee on Higher Education and Workforce Training.
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.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 3446: Simplifying Financial Aid for Students Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-3446/
"H.R. 3446: Simplifying Financial Aid for Students Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-3446/.
H.R. 3446, 114th Cong. (2026), https://openamerica.io/bill/114-HR-3446/.
[H.R. 3446: Simplifying Financial Aid for Students Act of 2015](https://openamerica.io/bill/114-HR-3446/)