The Federal Supplemental Educational Opportunity Grant (FSEOG) is a form of federal student aid that does not need to be repaid. It is awarded to students by colleges and universities, and a mixture of federal and school funds is used to pay for the program. As FSEOG awards are based on financial need, students interested in obtaining this form of financial aid will have to complete a FAFSA and have their Expected Family Contribution (EFC) calculated. A standard federal formula will be used to determine a student’s financial need, but schools will have a large degree of leverage over how much each student will receive.
To obtain the FSEOG, a student must attend one of the approximately 4,000 colleges and universities that participate in the federal program. Schools that take part in the FSEOG program receive grant money from the government but must still contribute 25 percent of the funds.
Individual colleges and universities determine how much grant money each student will receives based on fund availability, the time a student submits their FAFSA (earlier is better) and the student’s level of need. The yearly awards may vary from $100 to $4,000 per year, and those who were eligible for Pell Grants will be considered first.
If a student is awarded an FSEOG, the school may pay them directly, credit their school account or both. Depending on the school’s term system, students may be paid each semester, trimester or quarter. Regardless of the institutions set course timeline, the money must be paid in at least two installments.
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