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
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:
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.
What is the Iraq and Afghanistan Service Grant?
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.
Which of the following is a requirement to receive a Federal Pell Grant?
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.
How many lifetime semesters of Pell Grant eligibility does each student receive?
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.
What determines whether a student qualifies for a Direct Subsidized Loan?
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.
Which of the following makes a student INELIGIBLE for federal financial aid?
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.