FAFSA Financial Aid Eligibility 3

Question 1

If a student is incarcerated, what federal aid might they still qualify for?

Accepted Answer

Pell Grants (restored in 2023-24)

Answer

Federal Direct Subsidized Loans

Answer

Federal Work-Study

Answer

PLUS Loans

Question 2

What is the enrollment status threshold for a student to receive a Federal Direct Subsidized Loan?

Accepted Answer

At least half-time

Answer

Full-time only

Answer

At least quarter-time

Answer

At least three-quarter time

Question 3

Which agency determines whether a school is eligible to participate in federal student aid programs?

Accepted Answer

The U.S. Department of Education

Answer

The IRS

Answer

The Consumer Financial Protection Bureau

Answer

The State Board of Education

Question 4

A student who was homeschooled can qualify for federal student aid if they meet which condition?

Accepted Answer

They must have a high school diploma or equivalent recognized by their state

Answer

They must obtain a GED before applying

Answer

They must attend a community college first

Answer

They must be 18 or older

Question 5

What is required for a student to regain federal aid eligibility after a drug conviction suspension?

Accepted Answer

Completing a drug rehabilitation program or passing two unannounced drug tests

Answer

Waiting five years after the conviction

Answer

Paying a reinstatement fee to the Department of Education

Answer

Transferring to a different school

Question 6

Which of the following is NOT a reason a student would lose federal student aid eligibility?

Accepted Answer

Changing majors

Answer

Defaulting on a federal student loan

Answer

Failing to maintain SAP

Answer

Conviction for drug offense while receiving aid