COLLEGE GRANTS AND SCHOLARSHIPS.
Federal Supplemental Education Opportunity Grant:
An FSEOG is for undergraduates with exceptional financial needs. IE: students with the lowest EFCs. Priority is given to students who receive Federal Pell Grants. An FSEOG does not have to be paid back.
What’s the difference between an FSEOG and a Federal Pell Grant?
The United States Department of Education guarantees that each participating school will receive enough money to pay the Federal Pell Grants of all its eligible students. There is no guarantee that every eligible student will also be able to receive an FSEOG; students at each school will be awarded these grants based on availability at that school.
Schools distribute the FSEOG to students based on financial need. Full -time and part-time students are eligible for this program.
If your child qualifies to receive a FSEOG, the school will credit their college account, pay the amount directly, or combine the 2 methods.
Eligibility:
Federal regulations governing FSEOG require that undergraduate students who have “exceptional” financial need (the lowest EFCs) are eligible.
Federal Pell Grant recipients receive priority but are not guaranteed a FSEOG
http://www.ed.gov/programs/fpg/index.html
Award amount:
Awards range from $100 to $4,000 each year.
The exact amount of the grant depends on the date the student applied, the level of need, the funding level of the school the student plans to attend, and the policies of the school’s financial aid office.
Schools participating in the program receive a set amount of money to distribute to students.
Application process:
The financial aid office determines eligibility based on information provided by the student on the FAFSA.