whats Federal Supplemental Education Opportunity Grant (FSEOG)

Paying for College
1

<p>whats the avg income a family of 4 has to receive this grant?</p>

2

<p>FEDERAL SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT </p>

<p>What is a Federal Supplemental Educational Opportunity Grant?</p>

<p>An FSEOG is for undergraduates with exceptional financial need—that is, students with the lowest EFCs— and gives priority to students who receive Federal Pell Grants. An FSEOG doesn’t have to be paid back.</p>

<p>What’s the difference between an FSEOG and a Federal Pell Grant?</p>

<p>The U.S. Department of Education guarantees that each participating school will receive enough money to pay the Federal Pell Grants of its eligible students. There’s no guarantee every eligible student will be able to receive an FSEOG; students at each school will be awarded these funds based on availability at that school.</p>

<p>How much money can I get?</p>

<p>You can receive between $100 and $4,000 a year, depending on when you apply, your need, the funding level of the school you’re attending, and the policies of the financial aid office where you attend school.</p>

<p>How will I be paid?</p>

<p>Your school will credit your account, pay you directly (usually by check), or combine these methods. Schools must pay students at least once per term (semester, trimester, or quarter). Generally, schools that do not use traditional terms must pay you at least twice during the academic year.*</p>

3

<p>thanks, but the question posted was: approz how much does a family of 4 income have to be?</p>

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<p>It isn't as easy as determining income.
Pell grant formulas were also recently adjusted and it is estimated that fewer will be eligible next year.
If your EFC ( look at finaid.com for calculator) is below 4000, which is also the most that you could recieve from Pell, you may be eligible for FSEOG also.</p>

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Federal Pell Grants
Federal Pell Grants are available to eligible undergraduate students. For 2004-2005, students with an expected family contribution (EFC) of less than 3850 may be eligible to receive a Federal Pell Grant. The maximum amount available for the 2004-2005 academic year is $4,050. Individual grants are based on a student's EFC, cost of education, and full-time or part-time enrollment status.</p>

<p>Federal Supplemental Educational Opportunity Grants (FSEOG)
These grants are for undergraduate students with exceptional financial need; priority is given to Federal Pell Grant recipients. Similar to Federal Pell Grants, FSEOGs are administered by the financial aid office at your school. The maximum annual FSEOG amount is currently $4,000, but varies by school depending on funding.

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