2024-2025 Student Handbook

Student Eligibility

Policies that govern student eligibility are established by both the U. S. Department of Education and the post-secondary institution. The federal policies are the same regardless of the institution one attends, but the institutional policies may vary.   
 
Students must meet the following eligibility criteria in order to receive federal financial aid:   

  1. Have financial need;    
  2. Have a high school diploma or GED;     
  3. Be enrolled as a regular student in an eligible program;
  4. Be a U.S. Citizen or eligible noncitizen;
  5. Have a social security number;
  6. Be making satisfactory academic progress; 

The amount of financial aid a student is eligible to receive is based on the Expected Family Contribution (EFC) assigned by the U.S. Department of Education, the cost of attendance at Drake State, the student’s enrollment status, whether the student is enrolled in a certificate or associate degree program and other information provided by the student.