All of the following statements regarding financial aid programs for education funding are correct EXCEPT

Question $1$ options:

$1)$

Direct Stafford loans can be repaid under several payment plans

$2)$

a Pell Grant is a grant from the federal government awarded to undergraduate students who have not earned a bachelors or professional degree

$3)$

one type of Stafford loan is the Direct Stafford loan that is provided to the student directly from the U$.$S$.$ Department of Education

$4)$

the EFC calculation, which is based on one's SAT score, is used to determine a student's eligibility for a Pell Grant and how much is awarded to a student