FAFSA Federal Aid Types and Eligibility 3

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:

Accepted Answer

An unsubsidized loan with interest from disbursement date

Answer

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?

Accepted Answer

A grant for students whose parent/guardian died in service in Iraq or Afghanistan

Answer

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?

Accepted Answer

Being enrolled in an eligible degree or certificate program

Answer

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?

Accepted Answer

10 semesters (equivalent to 5 years)

Answer

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?

Accepted Answer

Financial need as determined by FAFSA and SAI

Answer

Eligibility for Direct Subsidized Loans is based on demonstrated financial need as determined through the FAFSA and SAI calculation.

FAFSA Practice Test

FAFSA Practice Test

FAFSA Federal Aid Types and Eligibility 3