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Peterson's - FAABteachersmanual (Page 12)

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Peterson's - FAABteachersmanual
Teacher's Manual
Page 12


Overhead 5

Eligibility Criteria for Financial Aid

1. Student must be a U.S. citizen or eligible non-citizen.
2. The student must be enrolled or accepted for enrollment in an eligible
degree or certificate program, or other program leading to a recognized
education credential, at an eligible postsecondary institution.
3. The student must not be simultaneously enrolled in secondary school.
4. The student must have a high school diploma or its recognized equivalent
or have the ability to benefit from the course of study.
5. The student must provide a valid and verifiable Social Security number.
6. The student must check with the school he or she plans to determine if a
Financial Aid Transcript (FAT) is needed.
7. The student must sign a Statement of Educational Purpose stating that all
federal funds received will be used solely for educational purposes.
8. The student, if required, be registered with the Selective Service.
9. The student must not have federal benefits suspended or terminated as a
result of a drug offense conviction.
10. The student must maintain satisfactory academic progress in the program
of study.
11. The student must not be in default on a previous federal educational loan,
owe an overpayment on a previous federal educational grant or loan, nor
borrow in excess of federal student loan limits.
12. The student must meet additional program-specific criteria.





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