12 2 STA T .3 2 85PUBLIC LA W 11 0– 315 — AU G .1 4, 2008 ‘ ‘ (b b )the e x te n tt ow h ic h S t a te s an d instit u tions wi l l acce p tthedatap r o v ided b y the I nternal R evenue Service to prepopulate the electronic version o f the FA FSA to deter -m ine the distribution of State and institutional student financial aid funds
‘‘(cc) what data are used by States , as of the time of the study, to determine eli g i- bility for State student financial aid, and whether the data are used for merit- or need- based aid; ‘‘(dd) whether State data are re q uired by State law, State regulations, or policy direc- tives; and ‘‘(ee) the extent to which any State-specific information requirements can be met by completion of a State application lin k ed to the electronic version of the FAFSA; and ‘‘(III) information on institutional needs, including the extent to which institutions of higher education are already using supplemental forms to collect additional data from students and their families to determine eligibility for institutional funds; and ‘‘(ii) ways to reduce the amount of financial information students and families need to provide to receive a determination of eligibility for student finan- cial aid, taking into account — ‘‘(I) the amount of redistribution of Federal grants and subsidi z ed loans under this title caused by such a reduction, and the benefits to be gained by having an application process that will be easier for students and their families; ‘‘(II) students and families who do not file income tax returns; ‘‘(III) the extent to which the full array of income and asset information collected on the FAFSA, as of the time of the study, plays an important role in the awarding of need-based State financial aid, and whether the State can use an expected family contribution generated by the FAFSA, instead of income and asset information or a calculation with reduced data elements, to support determinations of eligibility for such State aid programs and, if not, what additional informa- tion will be needed or what changes to the FAFSA will be required; and ‘‘(I V ) information on institutional needs, including the extent to which institutions of higher education are already using supplemental forms to collect additional data from students and their families to determine eligibility for institutional funds; and ‘‘(V) changes to this Act or other laws that will be required to implement a modified need analysis system .
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