Thursday, December 16, 2010

If I get the FSEOG, what can I use the Money for?

Recipients of the FSEOG will be pleased to learn that they can use their educational award for a number of purposes. In fact, the Federal supplemental educational opportunity grant- though it is a government grant, works in a very similar way to other types of grants. The FSEOG is usually only available to students who demonstrate significant financial need. Financial need is determined by information you enter on the FAFSA, and is the only way to apply for the FSEOG.
Grants are free sources of money for college. Grants never have to be repaid, and in many cases there is a great deal of flexibility in what the money can be used for. However, other grants have very strict requirements, so you should always check before filling out an application for a grant. As far as the FSEOG is concerned, any money that you receive can be used for the following purposes:
Tuition- Even if you attend multiple schools or attend for a semester abroad, grant money from the FSEOG can be used to pay for tuition expenses. In most cases, the United States Department of Education- the government entity that regulates federal educational funding- will pay the school directly as a convenience to you.
Books- You can get your books from anywhere- your school, a different school, a book store, an online retailer, a book-swapping services- it doesn’t matter where you get your books- money from the FSEOG can be used to pay for them.
Lab and Equipment Fees- Regardless of the type of school you attend, FSEOG money can be used to pay your lab and equipment expenses.
Transportation- Getting to and from school can be a huge expense for some students. Grant money from the FSEOG can be used to help offset these costs.
Room & Board- If most other educational expenses have been paid, then money from the FSEOG can be used to offset the costs of room and board.
When it comes to educational –related expenses, the FSEOG can help to reduce the burden caused by the high costs of higher education. To see if you qualify, simply fill out a FAFSA at any one of more than 4000 schools nationwide.

No comments: