In our previous article we gave an overview of the Federal Supplemental Education Opportunity Grant or FSEOG in short. This article continues from where we left off. In this article we look at the FSEOG eligibility criteria, how to apply for FSEOG and how the FSEOG funds awarded are disbursed to the student.
What are the eligibility criteria for Federal Supplemental Education Opportunity Grant (FSEOG)?
Since FSEOG is a federal grant, all the rules and eligibility criteria for applying for a need based federal grant that we listed previously apply here as well. Also read more about how to apply for need based financial aid.
In addition to the eligibility criteria for federal funding, the following criteria applies for the Federal Supplemental Education Opportunity Grant(FSEOG).
- The college must be enrolled in the FSEOG program.
- The student must be enrolled in an approved under graduate, bachelor degree program. This must be the applicant’s first bachelor’s degree.
- The applicant must have a minimum GPA score of 2.0.
- The applicant must demonstrate extreme financial need.
FSEOG is awarded to students that show extreme financial difficulties. This is evaluated based on the information submitted by the grant applicant in their FAFSA. Pretty much all federal funding starts with filing a Free application for Federal Student Aid (FAFSA). Since the FSEOG is a campus based program, the college financial aid office will evaluate the information in the applicant’s FAFSA to verify if the student does have and demonstrate extreme financial need.
How To apply for FSEOG?
The first step in any application for federal funding is to file the Free Application for Federal Student Aid (FAFSA) at http://www.fafsa.ed.gov. Remember that the application for federal funding is free. Do ensure that you go to the official website (www.fafsa.ed.gov) to file your FAFSA. Once the student has filed the FAFSA, he/she is automatically evaluated for the FSEOG funding. There is no requirement to file a separate application for FSEOG. The information submitted in the FAFSA is utilized to identify eligible students. The granting process for FSEOG is highly competitive and is not guaranteed. Unlike other federal grants such as the Pell grant, FSEOG funds are limited and not replenished. This means if the funds are exhausted, eligible applicants will not receive any funds as part of FSEOG even if they meet all eligibility criteria. Therefore it is important to file your FAFSA early and keep it updated each year without fail.
Filing your FAFSA online is recommended since it will speed the application and review process. Also as suggested, it is wise to update your FAFSA annually in order to be considered for the FSEOG grant and other federally funded programs.
How will the FSEOG funds be received by a student?
Once a student is awarded FSEOG funding, he/she will be notified through mail or email. The money will be disbursed directly to the student’s school which will apply the amount toward tuition, rooming and other education related expenses.
As far as disbursement of financial aid is concerned, the school’s financial aid office usually disburses funds every term. This could be either every semester, trimester or quarter depending on the school term at the applicant’s school. In the event the school in question does not use semester, trimester, or quarter terms then the financial aid office disburses funds twice per academic year.