… approved units. Students must receive Pell Grant funds to receive FSEOG. … Iraq and Afghanistan Service Grant … Students may be eligible to receive the Iraq and Afghanistan Service Grant if: They are not eligible for a Federal Pell Grant based … and demonstrate financial need according to the federal formula in order to be eligible for subsidized direct loans. Under this program: The federal government will pay the interest on behalf of qualified borrowers for as long as the borrower is …