Federal Aid Types and Eligibility Flashcards
6 cards from real FAFSA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Federal Aid Types and Eligibility flashcards as text
Who is eligible to borrow a Direct PLUS Loan?
Answer: Graduate students and parents of dependent undergraduates
Direct PLUS Loans are available to graduate/professional students and parents of dependent undergraduate students.
What is the annual borrowing limit for a dependent freshman undergraduate for Direct Subsidized and Unsubsidized Loans combined?
Answer: $5,500
Dependent freshmen can borrow up to $5,500 combined in Direct Subsidized and Unsubsidized Loans per year.
Which of the following is NOT a federal student loan program?
Answer: Federal Sallie Mae Loan
Sallie Mae is a private lender, not a federal student loan program; all Direct Loans are through the U.S. Department of Education.
What is the aggregate (lifetime) Direct Loan limit for dependent undergraduate students?
Answer: $31,000
Dependent undergraduate students can borrow a maximum of $31,000 in Direct Loans over their lifetime of undergraduate study.
To maintain federal financial aid eligibility, students must make satisfactory academic progress (SAP). Which is NOT typically a SAP requirement?
Answer: Maintaining full-time enrollment
SAP requirements include GPA, completion rate, and maximum timeframe, but full-time enrollment is generally not required for SAP.
Which federal aid program provides funds to schools to award to students, not directly to students' accounts?
Answer: Campus-based aid programs like FSEOG and FWS
Campus-based programs like FSEOG and Federal Work-Study are allocated to schools, which then distribute them to eligible students.