CSU CSU Financial Aid and Tuition 2 — Questions and Answers
Question 1: Which federal grant provides funds to undergraduate students with exceptional financial need and does not require repayment?
- Federal Pell Grant (Correct answer)
- Federal Perkins Loan
- Federal SEOG Grant
- Federal Subsidized Loan
Correct answer: Federal Pell Grant
The Federal Pell Grant is a need-based grant for low-income undergraduate students that does not need to be repaid.
Question 2: What is the maximum number of semesters (full-time equivalent) for which a student can receive Federal Pell Grant funding?
- 12 semesters (6 years) (Correct answer)
- 8 semesters (4 years)
- 10 semesters (5 years)
- Unlimited semesters
Correct answer: 12 semesters (6 years)
Students are eligible for up to 12 full-time equivalent semesters (equivalent to 6 years) of Pell Grant funding over their lifetime.
Question 3: What is the financial aid satisfactory academic progress (SAP) requirement that CSU students must meet to remain eligible for aid?
- Maintain a minimum GPA and complete a certain percentage of attempted units (Correct answer)
- Earn a 3.0 GPA each semester
- Take at least 15 units per semester
- Complete 100% of all enrolled courses
Correct answer: Maintain a minimum GPA and complete a certain percentage of attempted units
SAP requires CSU students to maintain a minimum cumulative GPA (usually 2.0) and complete at least 67% of all attempted units to keep financial aid eligibility.
Question 4: What CSU program provides supplemental financial support specifically to low-income first-generation college students through intensive support services and grants?
- EOP (Educational Opportunity Program) (Correct answer)
- TRIO Upward Bound
- CalWORKs
- Umoja Community
Correct answer: EOP (Educational Opportunity Program)
The Educational Opportunity Program (EOP) at CSU provides academic support and supplemental financial grants to first-generation, low-income students.
Question 5: Which type of federal student loan does NOT accrue interest while the borrower is enrolled at least half-time?
- Federal Direct Subsidized Loan (Correct answer)
- Federal Direct Unsubsidized Loan
- Federal PLUS Loan
- Private student loan
Correct answer: Federal Direct Subsidized Loan
Federal Direct Subsidized Loans do not accrue interest while the student is enrolled at least half-time, during the grace period, or during deferment.
Question 6: What is the standard repayment period for federal student loans after a borrower leaves school or drops below half-time enrollment?
- 10 years (Correct answer)
- 5 years
- 15 years
- 25 years
Correct answer: 10 years
The standard federal student loan repayment plan spans 10 years with fixed monthly payments.
CSU CSU Financial Aid and Tuition 2
Which federal grant provides funds to undergraduate students with exceptional financial need and does not require repayment?