PRIVATE STUDENT LOANS
The Federal Supplemental Educational Opportunity Grant (FSEOG) program is for undergraduates with exceptional financial need. Just like Pell Grants, the FSEOG does not have to be repaid. Eligibility requirements include:
Students may receive between $100 and $4,000 a year based on timely FAFSA filing, total financial need and availability of FSEOG funding at the school of attendance.
The school’s financial aid office is given great leeway for the awarding of FSEOG based on the financial need of the student body at the institution.
If eligible, the school will notify the student via the award letter; This notification will specifically list the total FSEOG amount along with the method of distribution.
Schools must disburse funds at least once per term (semester, trimester, or quarter); Schools that do not use semesters, trimesters, or quarters must disburse funds at least twice per academic year.
More on FSEOG: Financial aid offices are given some flexibility in the awarding of this funding. New incoming freshman should not be surprised if several award letters from different schools provide different FSEOG amounts. If the first choice school is awarding a lower FSEOG than some other schools offering funding, try to get it increased by sending a copy of the award letter and a brief appeal demonstrating the situation. The appeal should let the first choice school know that the student is motivated to attend, and wants reconsideration for at least as much FSEOG as other competing schools. The school may be unable to match the offer, but there is no harm in submitting an appeal.
If you are a continuing student and you notice that FSEOG has reduced from prior years, try writing an appeal letter to your financial aid office. Federal need based funding can change year to year based on your FAFSA information, however a school is able to amend an FSEOG award to some extent. It is worth a try.
Sending in appeals for FSEOG is the nitty-gritty business of the financial aid office. Some schools will basically ignore the request; others may award a substantial amount based on the school’s policy and procedures and the amount of extra FSEOG funding available. Four areas to consider in FSEOG appeals includes
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