Final answer:
Continuing students and graduating seniors are not eligible for the Future Cougars of Distinction award. Living in student housing close to campus and receiving financial aid are not mutually exclusive. The answer is B.
Step-by-step explanation:
The two types of student awardees that are NOT eligible for the Future Cougars of Distinction award are continuing students and graduating seniors. This implies that these two categories of students do not meet the criteria set for this award, perhaps because the award is targeting a different segment of the student population, like incoming freshmen or transfer students, who are at a different stage in their academic journey.
Regarding the question about whether living in student housing within five miles of the campus and receiving some kind of financial aid are mutually exclusive, the answer is B. No. These two circumstances are not necessarily mutually exclusive, meaning a student could both live within five miles of the campus in student housing and be a recipient of financial aid.