In certain cases, a student’s financial situation is determined to warrant more than the maximum Pell Grant endowment. In these cases, the Federal Supplemental Educational Opportunity Grant (FSEOG) is awarded.
Just like with the Pell Grant, your first step for getting a FSEOG is to submit the FAFSA form. This will be used to calculate your expected family contribution (how much money you can reasonably expect to have available for your education). Applicants with the lowest expected family contributions are deemed eligible and automatically enrolled in the FSEOG program.
Those that qualify will be awarded anywhere from $100 to $4,000 per year. This is money that does not have to be repaid, and is awarded on top of and in addition to any other applicable federal grants.
Roughly 4,000 colleges, institutes and universities honor the FSEOG program. To verify that your chosen school does participate, simply call and ask their financial aid department.
A note of warning: every institution is allocated a specific budget they can use to fulfill any qualifying FSEOG awards. When this budget runs out, any remaining awards for the year will go unfulfilled. Therefore, it makes sense to submit your FAFSA form to get the process rolling as soon as feasible.