For many college-bound Florida seniors, the pursuit of higher education would prove all but impossible without the help of federal financial aid. If your son or daughter is among those utilizing federal financial aid to help finance his or her way through college, it is important that you recognize the actions your student could take that could jeopardize this federal assistance.
According to U.S. News & World Report, one way your child could lose his or her opportunity to take advantage of financial aid is by receiving a conviction for a drug-related criminal charge. Even if the charge is relatively minor in nature in comparison with other drug crimes, it still has the capacity to impact your child’s financial aid eligibility. In other words, a drug sales conviction, a possession conviction or an intent to sell conviction, among others, may all make your child ineligible for financial aid.
In the event that your son or daughter’s drug conviction involves a relatively minor charge, he or she may be able to regain access to federal financial aid after a year or two have passed. Different drug crimes bring with them different periods of financial aid ineligibility, with more serious drug crimes typically leading to longer losses.
While virtually all drug convictions have the capacity to impact financial aid eligibility, your child should typically only become ineligible for aid if law enforcement officials arrested him or her while her or she was already receiving it. Thus, arrests that took place over the summer months, for example, should not affect eligibility unless your child is using financial aid to take summer classes.