Q: What about financial aid for distance learners?
A: Student financial aid is available through three sources: from the government at both the federal and state levels, from colleges and universities directly, and from private parties. The main criterion for a distance learner to receive financial aid is if the student is enrolled. This is understandable, since it is easier to ensure that the aid is used as intended if a student is enrolled.
For aid from the federal government, students are required to be enrolled at an accredited institution. Thus, once a student enrolls, she will be eligible for funding regardless of whether she attends on campus or off campus. The same is true for aid from state governments, from colleges and universities directly, and from most—if not all—private organizations. Once the students enroll, they are eligible for aid. The good news for unenrolled, off-campus students is that the reasonable fees of non-traditional learning can preclude the need for financial aid.
 an accredited institution. http://www2.ed.gov/admins/finaid/accred/accreditation_pg9.html.