True or False: A rejection code affects a student's eligibility for Title IV aid.

A rejection code can indicate various issues that may impact a student's eligibility for Title IV aid. These codes are generated by the Department of Education's systems to signal potential problems with a student's Free Application for Federal Student Aid (FAFSA).

If a student receives a rejection code, it typically means that there is a discrepancy or issue that must be resolved before the student can be considered for Title IV funding. These issues can range from incomplete applications, mismatches in data, or issues with the student's financial records. Therefore, a rejection code indeed affects a student's eligibility by indicating that further action is needed to rectify the unresolved matters.

Ultimately, eligibility for Title IV aid is contingent upon ensuring that all criteria are satisfied, and a rejection code serves as a signal that there is a barrier that may prevent access to such funds until it is addressed.