Some homeschoolers – and some colleges – may have the mistaken impression that students must earn a GED in order to qualify for federal college financial aid.  However, this is not the case.  Many years ago, HSLDA worked with the US Department of Education to clarify this issue.  Read more details here: 

http://www.hslda.org/docs/nche/000000/CollegeFederalAid07.pdf