If you really need money for your study (you are in extreme financial need) you can apply for the FSEOG grant program. FSEOG means the Federal Supplemental Educational Opportunity Grant program. At first you need to apply for FAFSA and then you can continue with FSEOG, because this grant is based on needs. There are nearly 4,000 educational institutions that can get money from the recipients of this grant. Only students with lowest Expected Family Contribution on the FAFSA (Free Application for Federal Student Aid) can receive money by this program. Expected Family Contribution is based on the complex of factors, such as income level, family size, and net assets.
It is interesting that the program give an opportunity to the participating universities and colleges to determine the amount of FSEOG money the students can receive. It doesn’t matter if you are already enrolled in the school or are approved for enrollment, you can receive the money.
If you are the student of the school which is participating in the FSEOG program, you need to apply for the grant as soon as possible. Like the application processes of other federal grants, the procedure of this grant can take a while and the money could be gone before it is complete. This is because the federal government gives money directly to the college and then college distributes it as necessary. The students and the amount of money are decided by the school. Those people who applied too late can miss the opportunity to get the grant.
The money amount you can receive from FSEOG program can differ. Usually it is nearly $4,000 for a school year. But it is possible that you can be awarded only with $100. Remember that the money amount is decided by school and they prefer to give largest awards to the students who really need them.
So if you are a student who needs financial assistance, if you qualified for the Pell Grant after completing the FAFSA form, if you are enrolled or approved for enrollment in your school, you can apply for the FSEOG. At first ask the financial help office about the application process. You must try your best, because if you want to get the scholarship you must work. The grants are not given just to everyone. You must understand your qualification and send your application as soon as possible. This is really the best way to get a FSEOG grant.