Federal Supplemental Educational Opportunity Grants

 

To provide need-based grant aid to eligible undergraduate postsecondary students to help meet educational expenses.

Active 84.007 Federal Student Aid, Department of Education C - Direct Payments For Specified Use Fiscal Year 2016 Approximately 1,547,000 recipients are expected. Approximately 1,530,000 recipients were expected.
Fiscal Year 2017 Approximately 1,530,000 recipients are expected.
Fiscal Year 2018 Approximately 1,700,000 recipients are expected.
Fiscal Year 2021 Approximately 1,622,000 recipients are expected.
Fiscal Year 2023 Approximately 1,667,000 recipients are expected.
Fiscal Year 2024 Approximately 1,667,000 recipients are expected. Higher Education Act of 1965, as amended, Title IV, Part A, Subpart 3, 20 U.S.C. 1070b-1070b-3. 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. Institutions must document their eligibility and students must demonstrate financial need. Preapplication coordination is required. Representatives of the appropriate ED Regional Office are available for consultation (see listing of ED Regional Offices in Appendix IV). Students should contact the institution(s) they attend or wish to attend. 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Participating institutions submit the Fiscal Operations Report/Application to Participate in Federal Student Financial Aid Programs (ED Form 646-1) which is mailed to institutions of postsecondary education each summer by the Federal Student Aid office. New institutions submit only the application form. The Federal Student Aid office determines final awards and notifies participating institutions. Postsecondary institutions determine individual student awards. October 1, 2019 Deadlines are specified on the application (usually October 1). Notices of tentative awards sent by February 1, and final award notifications sent by April 1. Not applicable. There are annual renewals. Not applicable. 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. Not applicable. Institutions must have a nonfederal audit done on at least an annual basis at its own expense. Audits are performed at Government expense by the Department of Education's Office of the Inspector General as often as its time schedule will allow or when deemed necessary by the Secretary. All records pertaining to the activities of a given fiscal year must be retained for a period of three years following the institution's submission of its Fiscal Operations Report for an award year or until resolution of an applicable audit, whichever is later. Statutory Formula: Title IV Part A Subpart 3

Matching is voluntary. Funds are allocated to institutions on the basis of the institution's base guarantee and pro rata share and then on demonstrated need for funding. Institutions award funds to students on the basis of financial need as determined by the Federal Need Analysis Methodology specified in statute. This program requires institutional matching funds. The Federal share may not exceed 75 percent unless waived based on objective criteria established in regulations.

MOE requirements are not applicable to this assistance listing. Funds are awarded for use by participating institutions for one award year at a time following the year of application. Specified in the award document. Students should contact the educational institution(s) they attend or plan to attend. Educational institutions should contact the Regional Administrator for Student Financial Assistance in the appropriate ED Regional Office (see Appendix IV of the Catalog). Federal Student Aid Information Center
Federal Student Aid (FSA), Department of Education, P.O. Box 84,
Washington, DC 20044-0084 US
studentaidhelp@ed.gov
Phone: (800) 433-3243 https://studentaid.ed.gov/sa/ 91-0200-0-1-502 (Direct Payments for Specified Use) FY 22$1,376,037,000.00; FY 23 est $1,293,785,000.00; FY 24 est $1,293,785,000.00; FY 21$1,251,693,000.00; FY 20$1,169,356,000.00; FY 19$1,154,667,000.00; FY 18$1,130,929,000.00; FY 17$992,875,000.00; FY 16$992,875,000.00; - The average award in FY 2022 was $776. The average award for FY 2023 and FY 2024 is estimated to be $776. 34 CFR 676, Student Guide fact sheet, no charge; Student Financial Aid Handbook, no charge; Notification to Members of Congress, list of grantees, published annually or as required, no charge; Federal Needs Analysis Methodology booklet, no charge; Verification Handbook, no charge; training materials, no charge. Not applicable.