FAFSA Federal Student Aid for Online MBA Students

The rising costs of education in the United States have led to a strong surge in scholarship and grant usage by students. With skyrocketing tuition and living expenses, it is easy to see why students are taking advantage of cash sources that were otherwise mysterious and difficult to grasp in previous years. The Free Application for Federal Student Aid is a public application that students can utilize in order to determine their eligibility for funding. However, what is required of students and is it available for online studying?

Who is Eligible for FAFSA and What are the Requirements for an Online MBA Program?

The Free Application for Federal Student Aid, which is often abbreviated to FAFSA, is a public application form that may be submit yearly in order to determine a student’s eligibility for public assistance in the United States. In order to be eligible for FAFSA, students must meet the following criteria:

  • The student must be a U.S. citizen, a U.S. national, or an eligible non-citizen;
  • The student must have a valid Social Security number;
  • The student must have a high school diploma or GED or for adult students, pass an Ability-to-Benefit test;
  • Male students must be registered with the U.S. Selective Service;
  • The student must complete a FAFSA promising to use any federal aid for education purposes;
  • The student mustn’t owe refunds on any federal student grants;
  • The student mustn’t be in default on any student loans; and
  • The student must not have been found guilty of the sale or possession of illegal drugs while federal aid was being received.

In order to be eligible for FAFSA assistance, the student must ensure that their online MBA program is accredited. Unaccredited or non-standardized programs of study will be rejected when an application is made, so it is important to assess accreditation before submitting a FAFSA.

However, determining accreditation is an easy process for online students in the United States. This is because web domains in the United States are identified by a unique domain suffix. Institution websites ending in “.edu” have proven their accreditation to the satisfaction of the US government, so will automatically pass an accreditation assessment. This means that students should avoid schools ending in “.com” or “.net”. This is because their accreditation status has not been proven and may not reward the student with any sort of recognizable award upon graduation.

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