Federal Supplemental Educational Opportunity Grants
The FSEOG helps low-income undergraduate students, who require financial aid to pay for their college or school fee. Students can use these grants at more than 3000 postsecondary institutions. The institution decides the amount of FSEOG grants based on the need of the student.
This is decided on the basis of the lowest Expected Family Contributions, or EFCs, at the institution and also those who are recipients of Federal Pell Grant.
These participating colleges each year submits Fiscal Operations Report and Application to Participate (FISAP) to the U.S. Department of Education in order to get FSEOG allocation.
Out of the total, 25 % of the amount required should be taken care of by the institution, remaining would be provided by the government.
Answers on the FAFSA
Low Expected Family Contribution (EFC) number are eligible
Should be a US Citizen or an eligible non-citizen
Should not have a bachelors degree
Should not be a defaulter in any Federal loan
Federal Pell Grant should not be Overpaid
How much money will you get?
Unlike the Federal Pell Grant Program, the US Department of Education's Office of Federal Aid gives the full sanctioned amount to participating colleges and then that would be distributed depending on the financial needs of the applicant.
Therefore whoever wants to apply for this loan should do it as early as they can, as each school gets its deadline for campus-based funds.
2009- A total amount of $958,816,000 was sanctioned for the financial aid.
The applicants got an average of $762 each.
2010- Total funding of $958,816,000 was sanctioned
The applicants got an average of $736
The number of new applicants: 1,302,740
How does the payment happen?
If you are found to be eligible for this grant then the school will credit it to your student account. The amount is also given directly to students or they might combine both the methods. Your funds would be disbursed once per term.
This is a type of grant that has helped a lot of students, who due to their financial constraints had to rethink their career decisions. But, this grant has helped them a lot. This is a need-based loan thus, only a student who genuinely needs it should apply.
Hence making this a loan that is only for people whose financial condition is not good.
1) How much is the SEOG grant?
Every student may not get SEOG grant due to limited grant. To get an SEOG grant the students should have a zero EFC and be Pell eligible. Apart from that, each college has its own guidelines for the amount that would be disbursed but the federal minimum is $100 and the federal maximum is $4,000 in an academic year.
2) What is the Academic Competitiveness Grant?
The Academic Competitiveness Grant, more commonly known by its acronym ACG, is a federal assistance grant reserved for college students with the greatest need for financial aid to attend school.
3) How should I do to maintain the grant?
You must maintain enrollment as an undergraduate student and must not have previously earned a bachelor’s degree. Your college will award the FSEOG each year based on that eligibility and other factors at the college.
4) What is the difference between a Pell and FSEO Grants?
Pell Grant eligibility affects your FSEOG eligibility. You must get a Pell Grant in order to qualify for the FSEOG, so they are related to each other.
How do I know if I am eligible for the FSEOG award?
To receive this grant you must be a U.S. citizen, who has completed a FAFSA form, and is eligible based on significant financial need, and you must be a full time student enrolled in a college or university undergraduate program. If your completed FAFSA form is approved for SEOG grant funding, you will notified by the financial aid office of the post-secondary institution you are attending.
If I get FSEOG grant funding, how is it disbursed to me or to my school?
If you are eligible for funds, the Office of the Bursar will apply the grant award funding to your outstanding fees e.g. tuition, room and board, and other institutional charges, or you may receive a check in your name to be applied to these expenses. You may also be notified of a combined payment method, which involves partial payment to your school and partial payment directly to you via check.