Will An Arrest Affect Or Make Me Lose My Student Loans (Fasfa)? Will I lose my Federal Student Loans if I am arrested? Can I lose other State Scholarships or Federal Student Loans because I am convicted of a crime?
As of now, denial of Federal Student Loans and Student Aid focuses on Drug related crimes and offenses. Typically, loss of Financial Aid or Federal Student Loans & State Financial Aid Scholarships occur at Criminal Conviction, meaning a plea of guilty resulting in a criminal record. FASFA acknowledges and requests the following information when applying for Student Loans:
If you answer Yes to any of the above, then FASFA asks the Student Loan applicant to use the student aid eligibility worksheet to determine your eligibility. Past convictions do not automatically make you ineligible for student aid. Even if you are not eligible for federal student aid, it is recommended that a student seeking financal aid complete and submit a Free Application for Federal Student Aid (FAFSA) because you may be eligible for state or school financial aid. For more information about Drug-Related Convictions, call the Federal Student Aid Information Center 1-800-4-FED-AID (1-800-433-3243).