FAFSA Federal Aid Types and Eligibility

Question 1

Which federal grant does NOT need to be repaid and is based on financial need?

Accepted Answer

Federal Pell Grant

Answer

The Federal Pell Grant is need-based grant aid that does not need to be repaid, making it the primary federal grant for undergraduates.

Question 2

What is the maximum annual Pell Grant award amount for the 2024-25 award year?

Accepted Answer

$7,395

Answer

The maximum Federal Pell Grant for the 2024-25 award year is $7,395.

Question 3

The Federal Supplemental Educational Opportunity Grant (FSEOG) is awarded to students with:

Accepted Answer

Exceptional financial need, prioritizing Pell recipients

Answer

FSEOG is awarded to undergraduates with exceptional financial need, with priority given to Pell Grant recipients.

Question 4

What is the Federal Work-Study program?

Accepted Answer

A program providing part-time jobs to students with financial need

Answer

Federal Work-Study provides part-time employment opportunities for students with financial need to help pay education expenses.

Question 5

Which type of federal loan is available to both undergraduate and graduate students based on financial need?

Accepted Answer

Direct Subsidized Loan

Answer

Direct Subsidized Loans are available to undergraduate students who demonstrate financial need; graduate students are not eligible for subsidized loans.

FAFSA Practice Test

FAFSA Practice Test

FAFSA Federal Aid Types and Eligibility