Here’s what students need to know about financial aid for online schools. Federal financial aid, aid on the state level, scholarships and grants are all available for those who seek them out. Just as financial aid is available for students who attend traditional schools, online students are eligible for the same – provided that the school they attend is accredited. Through this method, professors can tell whether or not the same student is typing during a test. The most effective way to catch a cheater includes proctored exams. Online universities and massive open online courses use a variety of tools to deter students from cheating.