ACSFAAdvisory Committee on Student Financial Assistance
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ACSFA reported that all of the 45 community college financial aid administrators who were interviewed said professional tax preparers steer clients to file the 1040, not telling clients they can file a shorter form.
ACSFA also fears that low-income people struggling to put themselves through college "might believe they can use earnings to pay tuition and related expenses without realizing that aid helps to defray these costs, allowing them to work fewer hours and dedicate more time to studies.
The Association of American Publishers (AAP) and the publishing community thank the members and staff of ACSFA for their work on this important issue and appreciate the opportunities we had to testify at the Committee's hearings.