Federal Supplemental Educational Opportunity Grant is a campus-based Title IV grant for undergraduates with exceptional financial need.
How it works
The institution receives an annual FSEOG allocation from the Department. The aid office selects recipients, giving priority to Pell Grant recipients with the lowest Student Aid Indexes, and awards amounts consistent with its packaging policy and the available funds. The grant is disbursed to the student’s account in one or more payments during the award year. Unused institutional allocation may be carried forward in limited amounts or returned.
Example: a student with a –$500 Student Aid Index receives a full Pell Grant and is also awarded a $750 FSEOG. Both grants are disbursed at the start of the term, reducing the amount the student must cover from loans or out-of-pocket funds.
How it differs
A Pell Grant is an entitlement for eligible students and follows the student to any participating institution. FSEOG is discretionary within the institution’s allocation and may not be available after a transfer. State grants and institutional scholarships are separate from FSEOG even when they also target high-need students.
Common errors
Assuming every Pell recipient automatically receives FSEOG. Expecting the same FSEOG amount after transferring to a new institution. Treating FSEOG as a loan that must be repaid.
References
- 1. Federal Student Aid FSEOGPriority to Pell recipients
- 2. 34 CFR Part 676Program regulations
Federal Supplemental Educational Opportunity Grant is a campus-based Title IV grant for undergraduates with exceptional financial need.