Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Federal Student Loans and other Student Loan topics.

What factors are used to determine my eligibility for financial aid?

Eligibility For Federal Student Loans

In order to qualify for federal student loans, in most cases, you need to first show that you have a financial need. Once that has been established, the amount you may be awarded is dependent on that cost of attendance at your college or university. In addition, other factors may be considered such as part-time or full-time student status; degree seeking (graduate or undergraduate); citizenship; and, maintain minimum GPA (may vary by institution). Students whose GPA slips below the minimum may be placed on probation and risk losing any future financial aid award.

Comments

Nobody has commented on this tip yet. Be the first.

Ask a Question

Not finding the advice and tips you need on this Student Loan Tip Site? Request a Tip Now!

Guru Spotlight

Jennifer Mathes, Ph.D.

Buy My Book

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!