FAFSA Federal Aid Types and Eligibility 3 — Questions and Answers
Question 1: The TEACH Grant requires recipients to teach in a high-need field at a low-income school. If they do not fulfill this obligation, the grant converts to:
- A subsidized loan
- An unsubsidized loan with interest from disbursement date (Correct answer)
- A PLUS loan
- No repayment required
Correct answer: An unsubsidized loan with interest from disbursement date
If TEACH Grant recipients fail to complete the teaching service obligation, the grant converts to a Direct Unsubsidized Loan with retroactive interest.
Question 2: What is the Iraq and Afghanistan Service Grant?
- A grant for veterans of those wars
- A grant for students whose parent/guardian died in service in Iraq or Afghanistan (Correct answer)
- A grant for ROTC students
- A scholarship for military dependents
Correct answer: A grant for students whose parent/guardian died in service in Iraq or Afghanistan
The Iraq and Afghanistan Service Grant is for students whose parent or guardian died as a result of military service in Iraq or Afghanistan after 9/11.
Question 3: Which of the following is a requirement to receive a Federal Pell Grant?
- Maintaining a 3.0 GPA
- Being enrolled in an eligible degree or certificate program (Correct answer)
- Working part-time
- Completing 30 credits per year
Correct answer: Being enrolled in an eligible degree or certificate program
Students must be enrolled in an eligible degree or certificate program at an accredited school to receive a Pell Grant.
Question 4: How many lifetime semesters of Pell Grant eligibility does each student receive?
- 8 semesters (4 years)
- 10 semesters (equivalent to 5 years) (Correct answer)
- 12 semesters (6 years)
- Unlimited
Correct answer: 10 semesters (equivalent to 5 years)
Students are eligible for the equivalent of 12 semesters (6 years) of Pell Grant funding over their lifetime.
Question 5: What determines whether a student qualifies for a Direct Subsidized Loan?
- Academic merit and GPA
- Financial need as determined by FAFSA and SAI (Correct answer)
- Enrollment status only
- State of residency
Correct answer: Financial need as determined by FAFSA and SAI
Eligibility for Direct Subsidized Loans is based on demonstrated financial need as determined through the FAFSA and SAI calculation.
Question 6: Which of the following makes a student INELIGIBLE for federal financial aid?
- Having student loan debt
- A drug conviction that occurred while receiving federal aid (Correct answer)
- Being enrolled part-time
- Transferring schools
Correct answer: A drug conviction that occurred while receiving federal aid
A drug conviction that occurred while the student was receiving federal financial aid can result in loss of federal aid eligibility.
FAFSA Federal Aid Types and Eligibility 3
The TEACH Grant requires recipients to teach in a high-need field at a low-income school.
If they do not fulfill this obligation, the grant converts to: