Section 1 Short title
This Act may be cited as the “Simplifying the Application for Student Aid Act”.
Simplifying the Application for Student Aid Act
A BILL
To simplify the application used for the estimation and determination of financial aid eligibility for postsecondary education.
Sec. 2 Using data from second preceding year
Section 480(a)(1)(B) of the Higher Education Act of 1965 (20 U.S.C. 1087vv(a)(1)(B)) is amended to read as follows:
“(B) Notwithstanding section 478(a) and beginning not later than the second January 1 after the date of enactment of the Simplifying the Application for Student Aid Act, the Secretary shall provide for the use of data from the second preceding tax year to carry out the simplification of applications (including simplification for a subset of applications) used for the estimation and determination of financial aid eligibility. Such simplification shall include the sharing of data between the Internal Revenue Service and the Department, pursuant to the consent of the taxpayer.”