Friday, June 8, 2007

Paying For School- Federal Supplemental Education Opportunity Grants

Free Money for College

Federal Supplemental Education Opportunity Grants (FSEOG) are awarded to students based upon financial need. Part-time and full-time students are eligible. When you receive a Federal Supplemental Education Opportunity Grant, your school will pay you directly or credit your college account.

Students who have been awarded a Federal Pell Grant receive priority, but they are not guaranteed an FSEOG.

Federal Supplemental Education Opportunity Grant Eligibility
  • Only undergraduate students who have great financial need are eligible.
Federal Supplemental Education Opportunity Grant Amount
  • Grants range between $100 and $4,000 per year.
  • Amounts vary depending upon level of need, date of application, the school’s funding level, and the policies of the school’s financial aid office.
Applying for a Federal Supplemental Education Opportunity Grant

  • Students can apply for a Federal Supplemental Education Opportunity Grant at their school’s financial aid office.
  • To apply, students must fill out a Free Application for Federal Student Aid (FAFSA).
  • This application will help the financial aid office determine the student’s level of eligibility and award amount based on financial need.
  • Students will receive the results of their application within two to four weeks.
http://businessmajors.about.com/od/payingforschool/a/FSEOGrants.htm