While the Federal Supplemental Educational Opportunity Grants program is overseen by the Department of Education, the disbursing agent will be the Federal Student Aid office. The Federal Student Aid office will both determine and notify participating institutions. From there the institution awards these funds to the students based on financial need. The need for financial aid is as established using the Federal Needs Analysis. Federal Supplemental Educational Opportunity Grants require the institution to match funds with what is awarded.
To be eligible for the Federal Supplemental Educational Opportunity Grants the student is required to be a United States citizen or an eligible non-citizen (this means those with an Alien Registration Card or those with a Arrival Departure Record with specific designations). The student must also be accepted for enrollment into an eligible institution of higher education.
The total grants were $770,933,000 in 2007; approximately $757,464,800 in 2008; $757,464,800 in 2009 and $757,464,800 in 2010. Depending on the need of the student and how much they are assigned designated by the institution, the grant received through the program can range between $100 and $4,000; on average, a new student was able to expect around $736 in 2010. A student cannot receive more than $4,000 unless the study abroad costs (within reason) exceed the cost of attendance at the student's home institution, at that point the student can receive up to $4,400
There were around 1,302,740 recipients for the program in 2010. That year the total amount available was $958,816,000; this represents the amount of funds awarded to participants in this program. This total may include federal appropriated dollars and institutional matching dollars.
Students that want to learn more or want to declare that they are interested in being considered for Federal Supplemental Educational Opportunity can contact the educational institution that they already attend or plan to attend in the future. More information is available at http://www2.ed.gov/programs/fseog/index.html
Financing Your Education with Federal Supplemental Educational Opportunity Grants
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About The Author
The author edits a site featuring Grants for Education and another Government Grants site providing info on every grant the federal government offers. Michael Saunders has an MBA from the Stanford Graduate School of Business.
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