FSEOG Grant
The Federal Supplemental Educational Opportunity Grant (or FSEOG for short) is a type of monetary stipend that is designed to assist students with their education expenses. One of the main eligibility requirements is that a student must demonstrate financial need at the time the application is filled out. It is usually awarded to students that show the greatest financial need. Once you have been granted the FSEOG, the amount that you receive will also depend on the level of financial need you display. This means that applicants who face higher education costs and lower income will be awarded a greater amount of money.
Eligibility
As previously mentioned, there are two main criteria that will be considered for the FSEOG grant. First, the applicant must be enrolled in a college or university. Students attending career colleges as opposed to community colleges will also qualify. Applicants must be enrolled in full time courses, or enrolled in a fifty percent course load at the time the application is filled out. The second eligibility requirement is that the applicant must demonstrate a certain level of financial need. Students with the lowest level of family income will generally be given priority for this grant over students who come from middle class families. The grant is designed this way so that individuals from any type of economic background can be given the opportunity to pursue a higher education.
Applicants must also be able to demonstrate that they are a citizen of the United States. This means that international students are not qualified for the FSEOG grant.
How To Apply
Students who wish to apply for student aid through the federal government must fill out a Free Application For Federal Student Aid (or FAFSA for short).
Why should I fill out the FAFSA?
As mentioned, FAFSA is mandatory for any student who wishes to apply for federal student aid. However, there are also other benefits to filling out this free application. For example, many educational institutions and state level aid programs will use your FAFSA to determine whether or not you qualify for any additional aid.
When do I fill out the FAFSA?
Students can apply for the FAFSA at the beginning of January each calendar year. However, it is important to monitor your school’s financial aid website since different programs will have different deadlines for the FAFSA to be submitted. The applications are usually available until mid to late June.
How do I fill out the FAFSA?
You can fill out the FAFSA application online. In addition, you can also print hard copies off the website and submit them through the mail or your educational institution.
Money Available
There are a couple of different factors that will determine how much aid you will get from the federal government. The first things that will be considered will be your family’s expected income for the year, your status of enrollment at a post secondary institution and your projected educational costs for the academic year.
The different educational expenses that will be considered include tuition fees, the cost of textbooks and other supplies, living expenses and costs that may be related to other factors such as a disability.
When considering your family’s expected income, the financial aid office will consider more than just your taxable income combined with your parents’ taxable incomes. They will also consider any assets owned by the family. If you have siblings that are attending a post secondary institution at the same time as you, you may even receive a larger amount.
When considering these factors, a simple formula will be used that calculates all your costs associated with pursuing a post secondary degree less any expected contributions from your family.