Supplemental Education Grants As Financial Aid Option
Federal Supplemental Education Opportunity Grants or FSEOG are a real financial aid option for funding your college education. While it is merely a supplement, meaning you will need other forms of financial aid to pay your tuition as well, the FSEOG is a viable means of boosting your financial aid and helping to keep your tuition payments on a doable level.
What Is The FSEOG?
Federal Supplemental Education Opportunity Grants are awarded only to those students with the greatest need. While the Pell Grant carries this same sort of qualification, your Expected Family Contribution or EFC on your Student Aid Report or SAR must be zero. This means that your family is not expected to pay one penny of your college expenses because it would be entirely too much of a burden.
Basically, students that have a great need for financial assistance may get an FSEOG to help them pay their bills and to make affording college a little bit more of a feasible thing.
Do I Qualify for the FSEOG?
As I stated earlier, in order to qualify for a Federal Supplemental Education Opportunity Grant, you will need to show great financial need. This means a variety of things, including that only the neediest of students are awarded money. A combination of an expected family contribution of zero on your SAR and a very high unmet need go in to determining who receives an FSEOG and who does not. Other qualifying factors include:
- You are an undergraduate student.
- You are pursuing a Bachelor’s degree.
- You have never received a Bachelor’s degree before.
- You are a U.S. citizen.
- You have never been in default on a student loan.
- You don’t owe any money on repayment on grants, such as the Pell Grant.
- Your grades meet the minimum requirements (usually a 2.0 GPA).
The only way to know if you qualify for an FSEOG is to apply.