The Federal Supplemental Education Opportunity Grant or FSEOG is a need-based grant awarded to students with the greatest need or the lowest Expected Family Contribution. Your Expected Family Contribution or EFC is calculated by a standard US Department of Education formula that considers the student’s and parent’s income and assets (depending on whether the student is independent or not), the size of the family, and the number of family members, not including the parents, attending college or another postsecondary institution.
The FSEOG is called a supplemental grant because it is to be used in addition to other financial aid, like a Pell Grant, to cover your tuition and other costs. Priority is given to students with a Pell Grant. The minimum amount awarded through an FSEOG is $100 and the maximum is $4000. As always, you must file a FAFSA form in order to receive this particular grant.
Some possible eligibility requirements for a Federal Supplemental Education Opportunity Grant are:
- You must be an undergraduate student
- You must be a United States citizen
- You must not have any previous defaults on student loans
- You must meet the required Grade Point Average
Each participating school is allotted a certain amount of FSEOG funds each year from the Department of Education. Once these funds are disbursed, no more grants can be awarded for that year, all the more reason to complete and submit your FAFSA and other possible paperwork on time. Also, not all schools offer Federal Supplemental Education Opportunity Grants, so check with your school financial aid office to find out everything you can about what kind of financial aid is available to you.