| AwardYear: 1994-1995 Edition: PostSecondary Part: 2 - - The Application Process for Financial Aid SectionNumber: SectionTitle: Using the Secondary EFC PageNumbers: 50 If the student qualifies for the SIMPLIFIED NEEDS TEST, the CPS will calculate an EFC based on a "SIMPLIFIED" FORMULA, which does not use assets or certain offsets. If a student who qualifies for the simplified needs test fills out the supplemental data on the application, two EFCs (a primary EFC and a secondary EFC) will be printed on the SAR. The simplified formula EFC is the primary EFC, and will be printed on the front of Parts 1 and 2 of the SAR. Both the primary EFC and the secondary EFC (calculated by including the supplemental data) will be printed at the top of the "School Use Only" boxes. [[The illustrations on page 50 are currently unavailable for viewing. Please reference your paper document for additional information.]] If either formula results in an eligible EFC, the student will receive the full 3-part SAR that includes the Payment Voucher (Part 3). To use the secondary EFC in determining the student's Federal Pell Grant award, simply mark "Secondary" in Item 10 of the Payment Voucher. (Don't fill in the actual number.) The need to use the Secondary EFC should be very rare in 1994-95. Such a change can only be made on the Payment Voucher (Part 3) or through EDE. Any other changes must be requested on a Correction FAFSA or Part 2 of the SAR, to generate a valid Payment Voucher. |