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Article #175: How online degrees affect your financial aid eligibility

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The cost of tuition, both online and at this accreditation, you will not be
traditional brick-and-mortar eligible for financial aid, and in most
institutions, is on the rise. Knowing cases, your college credits will not
this, online learners generally depend on transfer to regionally accredited
financial aid to finance their education, universities. If you are uncertain of
however, there are a few things your college's accreditation, ask.
prospective students should consider to Program of study
ensure they will qualify. You must be pursuing a degree or
Whether you are looking for an certificate to be eligible for financial
undergraduate degree, graduate degree, or aid. Even if you are unsure of your
just want to take a few online courses to desired major when you enroll, you will
improve your chances for promotion, need to select a major, or at the very
online colleges and universities provide least, enroll in an eligible certificate
the flexibility you need. program. You can always change your mind
Despite these advantages, the cost of later.
tuition, both online and at traditional Term length
brick-and-mortar institutions, is on the Ensure that your online courses have a
rise. Knowing this, online learners definite start and end date. In most
generally depend on financial aid to cases, this is not an issue. The
finance their education. If you are exception will be courses deemed
considering pursuing a degree online and "correspondence" where a student has the
need financial aid, there are a few option of taking up to eighteen months or
things you should consider to ensure that more to complete the course. Most online
you will qualify. colleges operate on a semester schedule.
Minimum eligibility requirements If your college does not, you will need
1. U.S. citizen, or eligible non-citizens to contact your college's financial aid
2. Possess a valid Social Security number office to ensure that you will be
3. Selective Service registration, if you eligible to receive federal aid.
are male Enrollment
4. High school diploma or GED To be eligible for Federal financial aid,
5. Cannot have certain drug convictions you must be enrolled at least half-time.
Accreditation In most cases, this means taking a
The college or university must be an minimum of six credit hours per semester.
approved, degree-granting institution. Colleges vary in what they deem
There are plenty of institutions on the half-time, so check with your online
internet who come up with fancy sounding college's financial aid office to be
names, but they are not accredited by one certain.
of the six regional accreditors. Without






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