True or False: If a school approves a student's SAP appeal, the student can receive Title IV aid for one payment period only.

The statement is true because when a school approves a student's Satisfactory Academic Progress (SAP) appeal, it allows the student to receive Title IV financial aid for a specified amount of time, typically one payment period. This approach is in line with federal regulations, which require institutions to evaluate students' academic performance.

If the appeal is approved, the student may receive aid during that payment period while on a probationary status to allow them to improve their academic standing. However, continued eligibility for Title IV funding is contingent upon the student meeting SAP standards in subsequent periods. Therefore, while the student receives Title IV aid for that initial payment period, ongoing eligibility is not automatically granted and is dependent on sustained academic performance moving forward.