NYU's max FSEOG grants?

[nyusha]

<p>Does anyone know the max amount of FSEOG NYU offers and their requirements to be eligible?</p>

[4kidsdad]

<p>See [FSEOG</a> (Grants) | Federal Student Aid](<a href=“http://studentaid.ed.gov/types/grants-scholarships/fseog]FSEOG”>http://studentaid.ed.gov/types/grants-scholarships/fseog)

You can receive between $100 and $4,000 a year, depending on your financial need, when you apply, the amount of other aid you get, and the availability of funds at your school.</p>

<p>Each participating school receives a certain amount of FSEOG funds each year from the U.S. Department of Education’s office of Federal Student Aid. Once the full amount of the school’s FSEOG funds has been awarded to students, no more FSEOG awards can be made for that year.

</p>

[2collegewego]

<p>I would do a search on the NYU forums for SEOG. Of course, things can change from year to year, but NYU says on its website that it’s awarded to students with “exceptional” financial need-- so I would assume students who have a substantial Pell award which, when I look at this old thread, seems to be about right. They awarded students who had full or close to full Pell the full amount of SEOG, $4K/ year.</p>

<p><a href=“http://talk.collegeconfidential.com/new-york-university/892980-how-much-fa-did-you-get-3.html[/url]”>http://talk.collegeconfidential.com/new-york-university/892980-how-much-fa-did-you-get-3.html&lt;/a&gt;&lt;/p&gt;

<p>4kidsdad: Just as an aside… schools get to distribute the FSEOG according to their own priorities and not all schools give the full $4K amount. In other words, some schools cap the max below the federal max so they can spread it to more students.</p>

[cptofthehouse]

<p>$4K is the maximum, but how they choose to distribute their SEOG money, it’s difficult to say. Get your fin aid info in there asap, including filling out the FAFSA. Most schools run out of that money before they get to everyone.</p>

[2collegewego]

<p>cpt, This student applied ED, filed the Profile and has already been given an award of $34K but there has been a job loss.</p>

[4kidsdad]

<p>

This student applied ED, filed the Profile and has already been given an award of $34K but there has been a job loss.

The FSEOG is a Federal grant. It is not determine by the CSS Profile.

To get an FSEOG, you must fill out the Free Application for Federal Student Aid (FAFSASM) so your college can determine how much financial need you have.

</p>

[2collegewego]

<p>^^ Obviously, the student can’t fill out the FAFSA yet; it won’t be available until Jan 1. </p>

<p>I think the problem is that the student applied to ED and was awarded $34K in scholarship money but the family income has dropped from $59K in 2012 to $44-49K in 2013. So the family is trying to figure out if NYU will be affordable. That drop in income may bring them into Pell grant level which I guess they are hoping will trigger a FSEOG-- maybe a good $8K in additional grant money-- plus student loan, plus work-study and they’re about $15K a year of estimated costs, depending on how much of an increase there are in costs (and irrespective of any Tap award if the student is from NY or of any outside award). </p>

<p>OP, if what I think is true-- that you are trying to figure out whether you will be able to attend NYU-- has the school told you that they would give you a maximum SEOG if your Pell is above a certain level next year?</p>

[mom2collegekids]

<p>So the family, KNOWING that the 2013 income was lower, still used 2012 numbers on Profile? I thought you were only supposed to do that if the expectation was that the numbers would be the same/similar.</p>

<p>I don’t know about NYU, but from what I’ve seen on various students’ FA pkgs, usually EFC has to very low (like under 1500) in order for a school to award SEOG. At some schools, the EFC has to 0 (or very close to it). I guess it can depend on how many “very low EFC” students a school typically has.</p>

[4kidsdad]

<p>

So the family, KNOWING that the 2013 income was lower, still used 2012 numbers on Profile?

The student should contact NYU as soon as possible</p>

[2collegewego]

<p>I don’t know what figures the family used. The student specifically asked about that here when originally filling out the form and subsequently announced that he/she had been accepted ED, the award amount (they only mentioned the scholarship, no estimated Pell/ SEOG) and a series of questions that make me think they are trying to figure out if it’s affordable. What I saw on that 2010 NYU financial aid thread (and we all know an institution can change their priorities not just year to year but from one student to another), it looks like most (maybe all-- I didn’t read the whole thread) of the students who were given SEOG had over $4K in Pell grant so, yes, mom2ck, very low EFCs.</p>

<p>And I agree 4kidsdad: this family needs to be in touch with NYU.</p>

[swimcatsmom]

<p>A lot of schools require a 0 EFC for SEOG. And each school sets its own maximum (up to the $4k fed maximum). My daughter’s school had a $2000 maximum and still ran out of funds for all eligible students. My son’s school had a $200 max. Both required 0 EFC.</p>