The FSEOG or Federal Supplemental Educational Opportunity Grant
Among the numerous financial resources available to college students today designed to assist them in covering tuition costs as well as other education expenses (including Personal Student Loans, Federal Student Loans, Scholarships and Grants) is the Federal Supplemental Educational Opportunity Grant, more commonly referred to as the FSEOG.
The FSEOG, established in 1966, is a federally-funded grant awarded to qualified full-time college undergraduate students who have exhibited significant financial need. The FSEOG grant funds are made available to participating colleges, where, based on the student’s completion of the FAFSA application, through which significant financial need may be determined, it is the college itself that awards the grant to the student. The FSEOG, unlike a student loan, does not require being repaid. However, there are limitations as to what educational expenses the FSEOG awarded funds can be applied.
Not all colleges participate in utilizing the FSEOG grant in assisting their student. However, there are over 3800 post-secondary educational institutions that do participate in the program. You’ll want to verify with your college’s financial aid department about utilizing this additional financial resource to help fund your education.
Just as with the Pell Grant, the FSEOG grant does not require that the student who is awarded FSEOG funds,repay those grant monies. Unlike Student Loans, be they Personal Student Loans or Federal Loans, which require their repayment, a Grant is funds that are ‘Gifted’ to the student who is determined to have exceptional financial needs. Students who are awarded Pell Grant, also based on their FAFSA information, are the first students to be considered for FSEOG funding.
A student interested in pursuing the FSEOG grant, as well as any other Federal Financial Aid resource, will first begin this process by applying for financial aid through the Free Application for Federal Student Aid application, more commonly referred to as the FAFSA application. This is the student’s first step on the road to securing Federal Financial Aid. All colleges that are participating in the FSEOG program start with your completed FAFSA application. The College’s financial aid department, using financial and personal information that you provide through the FAFSA’s completion, will determine your eligibility and will determine if the student exhibits the exceptional financial need necessary to be awarded grant funds. Based on their determination, a student who is awarded FSEOG funding can be awarded an amount between $100 to $4000.
For the applying student, interested in applying for and taking advantage of FSEOG should be aware that, unlike a Pell Grant, the FSEOG is a “first come, first served” grant. Schools are allotted a limited amount of fund that they can award to qualified students. Once those funds are exhausted, no more FSEOG grants can be awarded through that institution’s Financial Aid department for that year. It is important for an interested student complete the FAFSA as early in the financial aid cycle as possible, so as to take advantage of that institution’s FSEOG funds availability.