FSEOG Requirements

Since the FSEOG is one of the most sought after grants and you do not have to pay it back, there are certain requirements you must have to be eligible for this grant. The FSEOG or Federal Supplemental Educational Opportunity Grant is money given to students by the federal government to help with college expenses.

The grant is given to the students with the highest financial need and the amounts given out are between $100 and $4000 per school year. The school usually allocates the funds from the FSEOG very quickly as to receive the same amount of funds from the government the next school year, the school, must deplete all of its FSEOG funds in the previous school year.

The requirements to be eligible for the FSEOG you must first file the FAFSA or Free Application for Federal Student Aid. You can find the application at www.fafsa.ed.gov and you should file your application as soon as you can. The new application comes out on January 1st of each year. Since the FSEOG is given out to students who turn in applications first, you should file your application as soon as possible after it comes out on January 1st.

You must demonstrate extreme financial need to be eligible for the FSEOG. Financial need is determined on the FAFSA and once the application is processed, you will be given an EFC number. If this number is under 4995, you may be eligible for the grant. Your financial need is based on income, number of dependents, number of people in your family, investments, cash, and other factors. If you are a dependent student, you also must include parental information on your FAFSA.

You must meet other general financial aid requirements as well for grant eligibility. You must have at least a 2.0 GPA, You can’t be defaulted on any federal student loan, you must be a United States citizen or eligible non-citizen, You must not have an overpayment on other federal aid, and you must be eligible for the Pell Grant. There are a few instances where you can be eligible for an FSEOG without being Pell eligible, but all Pell Grant recipients will be awarded FSEOG’s and if there is money left, other students will be awarded FSEOG funds.

Once your application is processed, it is sent to the school and the school will put together an award package with what types of aid you are eligible for and the amounts of the aid. If you are awarded other aid such as student loans, Pell Grants, Work Study, or Perkins Loans, your FSEOG might be adjusted for these other types of aid.

It is very possible that if you meet the FSEOG requirements, you will be selected for school verification. Verification is when the school will ask you for several pieces of paperwork pertaining to your financial situation to ensure what you put on the FAFSA is your actual financial situation. Tax forms and bank statements are the most common types of paperwork that the school will ask for.

The most important tip you should follow when applying, is to apply as early as possible. When schools are disbursing federal aid funds, they award funds to students first who have submitted their application first. Even if your tax information is not complete, you should file the FAFSA and make corrections when your tax information is filed with the IRS.

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