Financial Aid 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 Financial Aid Eligibility flashcards as text
What happens to federal aid eligibility if a student defaults on a federal student loan?
Answer: Eligibility is suspended until the default is resolved
Students in default on federal loans lose eligibility for new federal student aid until they resolve the default through repayment or rehabilitation.
Which of the following would make a student an 'independent' student for FAFSA purposes?
Answer: Being 24 or older
Students who are 24 years of age or older as of January 1 of the award year are automatically considered independent on the FAFSA.
What must a student do to maintain Pell Grant eligibility over multiple years?
Answer: Reapply on the FAFSA each year and maintain SAP
Students must submit a new FAFSA each award year and continue meeting their school's Satisfactory Academic Progress requirements to keep Pell Grant eligibility.
How many lifetime semesters (at full-time equivalent) of Pell Grant funding can a student receive?
Answer: 12 semesters
A student can receive Pell Grant funding for up to 12 semesters (or the equivalent of 6 full academic years) over their lifetime.
Which of the following students is eligible for federal student aid?
Answer: A permanent resident attending an eligible Title IV school
Permanent residents attending accredited Title IV-eligible institutions qualify for most federal student aid programs.
Which statement about federal student aid and prior educational credentials is correct?
Answer: Graduate students are ineligible for Pell Grants
Pell Grants are only available to undergraduate students; graduate and professional students are not eligible for Pell Grant funding.