FAFSA Financial Aid Eligibility 2

Question 1

What happens to federal aid eligibility if a student defaults on a federal student loan?

Accepted Answer

Eligibility is suspended until the default is resolved

Answer

Students in default on federal loans lose eligibility for new federal student aid until they resolve the default through repayment or rehabilitation.

Question 2

Which of the following would make a student an 'independent' student for FAFSA purposes?

Accepted Answer

Being 24 or older

Answer

Students who are 24 years of age or older as of January 1 of the award year are automatically considered independent on the FAFSA.

Question 3

What must a student do to maintain Pell Grant eligibility over multiple years?

Accepted Answer

Reapply on the FAFSA each year and maintain SAP

Answer

Students must submit a new FAFSA each award year and continue meeting their school's Satisfactory Academic Progress requirements to keep Pell Grant eligibility.

Question 4

How many lifetime semesters (at full-time equivalent) of Pell Grant funding can a student receive?

Accepted Answer

12 semesters

Answer

A student can receive Pell Grant funding for up to 12 semesters (or the equivalent of 6 full academic years) over their lifetime.

Question 5

Which of the following students is eligible for federal student aid?

Accepted Answer

A permanent resident attending an eligible Title IV school

Answer

Permanent residents attending accredited Title IV-eligible institutions qualify for most federal student aid programs.

FAFSA Practice Test

FAFSA Practice Test

FAFSA Financial Aid Eligibility 2