Wednesday, December 15, 2010

What is the FSEOG?

FSEOG is an acronym for the Federal Supplemental Educational Opportunity Grant. This is a type of federal educational funding that is aptly named. Like all grants, the FSEOG consists of money for college that never has to be repaid. As with all types of free educational funding offered by the United States Department of Education, competition for these types of grants is limited by the financial situation of the person apply. In this way, the federal government can ensure that only qualified applicant receive this generous award.
The FSEOG is only available to undergraduate students who demonstrate severe financial need. In most cases, these students are those that have little to no income or assets, and whose family is not able to contribute to the student’s educational expenses. In most cases, only students who are eligible for the federal Pell grant will be eligible for the FSEOG.
The amount of the FSEOG award you receive depends upon a number of variables, including how much money the school has been allotted for this program, and how many students are in the program overall. The award amounts are determined by a formula created by congress and managed by the USDE. Information used to make award determinations include credit reports, income and asset information, employment information, and related information concerning the student’s parents or legal guardians.
If you are found eligible for this grant, you can be awarded anywhere from $100 to $4000. Being that most students in the FSEOG program have already been awarded a Pell grant, the FSEOG provides extra security for students that may otherwise be unable to afford their tuition and expenses. The award is either paid directly to the school, or it can be sent to you via a paper check. Money from this award can be used to pay lab fees, for textbooks, research services, living and transportation expenses, and many other educational-related expenses.
In order to see if you qualify for the FSEOG, all you need to do is fill out a FAFSA or Free Application for Federal Student Aid at any one of more than 4,000 schools and universities participating in the program.

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