FAFSA Eligibility and FAFSA Requirements:
FAFSA eligibility requirements for federal student aid is determined after you submit a Free Application for Federal Student Aid (FAFSA).
To receive financial aid, FAFSA eligibility is generally based on you satisfying the following FAFSA requirements:
- Financial need must be demonstrated;
- Be an eligible noncitizen or United States citizen;
- Your social security number must be valid (exceptions are made for students from United States possessions);
- If you are a male between the ages of 18 and 25 you must register or be registered with the Selective Service;
- Must be accepted or enrolled in an eligible degree or certificate program as a regular student;
- To be eligible for Direct Loan Program funds you must be enrolled at least half-time;
- Maintain academic progress in a career school or college;
- Cannot owe money from a federal student grant or be have defaulted on a federal student loan;
- Federal student aid may only be used for educational purposes;
- Possess a high school diploma or a recognized equivalent such as a GED certificate (General Equivalency Diploma, General Educational Development, General Education Diploma) or are completing a state law approved high school education in a homeschool setting.;
- Have not been convicted for the possession or sale of illegal drugs that happened during a period you were received federal student aid. A Student Aid Eligibility Worksheet must be completed if you were convicted to determine if you are eligible for financial aid.
FAFSA requirements for Selective Service registration is necessary for most male students to receive federal student aid. Registration for male students is required if not currently on active duty in the United States armed forces. Exempt citizens from Selective Service registration are from the Republic of the Marshall Islands, Federated States of Micronesia or the Republic of Palau.
The three types of Federal student aid are work-study, loans and grants. Grants are the most desirable because it is free money for college because you will not have to repay the money.
Colleges can give you work-study aid, which as the name implies means the college will require you to work a certain number of hours per week to receive the work-study money. The job is typically on campus and be answering telephone calls, working in the kitchen, library or any other place the college needs help.
Stafford loans, also known as Direct Loans are low interest loans to help students pay for college. Your college will determine your eligibility for a subsidized Stafford loan, which will not charge you interest on the loan while you are a student or an unsubsidized Stafford loan, which charges you interest from the time you receive the loan.
Upon satisfying all the FAFSA eligibility requirements, the information you submitted on FAFSA will be evaluated and considered for federal financial aid.
Having FAFSA eligibility and satisfying the FAFSA requirements is a basic first step in the financial aid process. To learn more about how you can qualify for more financial aid click on the link below.