Federal Financial Aid Requirements – Are you Eligible?

Federal Financial Aid Requirements – Are you Eligible?
  • Opening Intro -

    Most students begin searching for college after applying for Federal Financial Aid. Because this process takes time, it is a good first step.

    A crucial question to ask yourself before you begin the application is: Are you eligible for Federal Financial Aid?

    You can review the FAFSA.ed.gov website to learn the most essential requirements before applying or you can read below...

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You can review the FAFSA.ed.gov website to learn the most essential requirements before applying or you can read below.

To be eligible you must:

  • Be a United States citizen, an eligible non-citizen, or conditional resident.
  • Any person born within the United States qualifies as a natural citizen. Any legal, permanent resident with appropriate documentation. This also includes individuals who have special classifications from the Department of Homeland Security.
  • Have a legitimate Social Security Number.
  • This number is assigned at birth, naturalization, and during the process of being approved for legal entry to the United States. The only exception to this rule applies to students from the Republic of the Marshall Islands, the Republic of Palau, and the Federated States of Micronesia.

Complete High School or an equivalent certification.

Equivalent certifications include Home School completion or obtaining a General Education Diploma (GED). There are options for individuals who have not reached this. Contact your local college or visit the FAFSA.edu.gov website.

Be enrolled in a degree-seeking program as a full-time student.

The standard full-time course load is 12 credit hours. There are also some acceptable certification programs that will qualify for Federal Financial Aid.

Maintain satisfactory academic standards that allow you to move through the required courses in the program consistently. This much happen during the entire time you are using Federal Financial Aid.

Most colleges require a consistent 2.0 Grade Point Average (GPA) for a given semester. The higher your GPA is at the end of each term, the more likely you will continue to be eligible for Federal Financial Aid.

Not owe a refund on a portion of prior financial aid through the federal government.

This is a simple aspect to know if you qualify for. Ask yourself if you owe any money for a grant program, loan program, or financial assistance program you applied for through the United States federal government.

Be registered for the Selective Service System.

This is applicable for all male students, who are also residents of the United States. Those applying from exempt countries include those coming from the Republics of Micronesia and Palau as well as from the Marshall Islands. Visit http://SSS.gov for more information.

Be aware that while you are getting Federal Financial Aid, you cannot be convicted of a drug-related crime.

Crimes under this heading include everything from minor drug-related possession charges to felony charges and anything in between. It is possible your federal financial aid, regardless of the program, will require you repay some or all of what has been provided.

Federal Financial Aid ranges from Grants to Subsidized loans. As a student who fits the above criteria, you can qualify by filling out the FAFSA form on the website, http://FAFSA.ed.gov. Remember that your Federal Financial Aid is just the start of what you may qualify to help cover the rising cost of tuition and books. Your collage adventure begins when you fill out that form.

Have you filled out the form already? What additional information have you found that might make a person ineligible? Do you know anyone who could benefit from this information? Feel free to send this along and don’t forget to comment.

College Financing reference:

view the financial aid steps

 
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Last update on 2017-03-24 / Affiliate links / Images from Amazon Product Advertising API

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