Federal SEOG Grants Eligibility & Amounts for 2020-2021
Federal Supplemental Educational Opportunity Grants, or Federal SEOG awards, are financial grants that help financially disadvantaged students pay for college. These grants do not need to be repaid so they are very valuable financial aid options for students. In this guide we’ll talk about the following:
- What are Federal Educational Opportunity Grants (FSEOG) Awards?
- Who is eligible for FSEOG Awards?
- How much money could I be granted?
- Can I qualify for both a Pell Grant and a FSEOG Grant?
Keep on reading to learn more about how you can apply for and secure an SEOG grant!
What are Federal Supplemental Educational Opportunity Grants (FSEOG) Awards?
The FSEOG Grant program is administered by individual colleges and universities as opposed to the Federal Government. Not all colleges offer the FSEOG Awards so you should check with your college’s financial office to see if the grant is available.
Who is eligible for FSEOG Awards?
Assuming that your college offers the Federal SEOG Award, you will have to be eligible according to your demonstrated financial need. Your demonstrated need is assessed by the Free Application for Federal Student Aid or FAFSA.
This means that you must apply for financial aid using the FAFSA to be eligible for FSEOG awards. Students can only use these awards for an undergraduate degree and can’t have previously received a bachelor’s degree.
Remember, the FAFSA opens up on October 1st of each year and needs to be renewed for each year you are in college.
How much money could I get?
Students who are eligible for Federal SEOG grants can receive between $100 and $4,000 per year.
The amount of money awarded depends on your financial need, but also can depend on when you apply, other financial aid, and the availability of aid at your college or university.
In order to receive your grant award, your college will do one of the following:
- Credit your student financial account
- Pay you directly
- A combination of the above
You can expect to receive your award at least once per term (which is defined as a semester, trimester, or quarter). If you attend a college that has an alternative term schedule, you will receive your award at least twice per academic year.
Can I qualify for both a Pell Grant and a FSEOG Grant?
Yes! You might qualify for both of these need-based grants. While the FSEOG Grant is awarded by individual educational institutions, the Pell Grant is awarded by the Federal Government. Both types of grants are dependent on your financial need as assessed by the FAFSA, so it is imperative that students complete the FAFSA as soon as possible.