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

1) consolidation loans provide borrowers with a way to consolidate various types of federal student loans that have separate repayment schedules into one loan

2)	to qualify for state government aid, states require students to be residents of the state and attend a college or university in that state

3)	the Federal Supplemental Education Opportunity Grant (FSEOG) is a campus-based student financial aid grant awarded to undergraduate students with low EFCs that gives priority to students who receive Federal Pell Grants

4)	the Federal Work-Study Program is a campus-based student financial aid program that enables undergraduate and graduate students to earn money for education expenses