This federal aid program is managed by:
Office of Student Financial Assistance Programs, Department of Education
To provide need-based grant aid to eligible undergraduate postsecondary students to help meet educational expenses.
(Direct Payments for Specified Use) FY 09 $757,465,000; FY 10 est $757,465,000; FY 11 est $757,465,000
Uses and Use Restrictions:
Grants are for undergraduate study, and range from $100 to $4,000 per academic year. However, if reasonable study abroad costs exceed the cost of attendance at the home institution, the amount of the grant may exceed the $4,000 maximum by as much as $400. A student is eligible to receive a FSEOG for the period of time needed to complete the first undergraduate baccalaureate course of study being pursued by that student. If it awards grants to students in that year an institution is entitled to an administrative cost allowance for an award year of 5 percent of the first $2,750,000, expended plus 4 percent of expenditures greater than $2,750,000 but less than $5,500,000, plus 3 percent of expenditures in excess of $5,500,000.
Examples of Funded Projects:
Fiscal Year 2010: No Current Data Available Fiscal Year 2011: It is estimated that institutions will award $958,816,000 in aid to approximately 1,302,740 students. Fiscal Year 2012: No Current Data Available
Types of Assistance:
DIRECT PAYMENTS FOR A SPECIFIED USE
Range and Average of Financial Assistance:
The average award in FY 2009 was $736. The average award in FY 2010 is estimated to be $736.
Length and Time Phasing of Assistance:
Funds are awarded for use by participating institutions for one award year at a time following the year of application. See the following for information on how assistance is awarded/released: Specified in the award document.
Higher education institutions (public, private nonprofit, postsecondary vocational, and proprietary) meeting eligibility requirements may apply.
Undergraduate students enrolled or accepted for enrollment as regular students; are maintaining satisfactory academic progress in accordance with the standards and practices of the institution, have financial need, do not owe a refund on a Title IV grant, are not in default on a Title IV loan, file a statement of educational purpose, file a statement of registration compliance (Selective Service) and meet citizen/resident requirements may benefit.
The Federal Student Aid office determines final awards and notifies participating institutions. Postsecondary institutions determine individual student awards.
Contact Info for Headquarters Office:
Federal Student Aid Information Center Federal Student Aid (FSA), Department of Education, 400 Maryland Avenue, S.W., , Washington, District of Columbia 20202 Phone: (800) 433-3243