3. Trigger- Parent's Finances (Income)
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When do the financial data of the student's parents need to be entered on a FAFSA? There is a list of questions that if all of them are answered 'no' then the parent's financial data are required.
Also, the term 'Income' is expanded to consider cash flow into the household; regardless if it appears on a tax return or not.
We begin the internal calculation of an EFC by using a worksheet provided by the US Dept. of Ed.