Education grant money is limited. Learn how to apply online fast!
The main difference between the Pell Grant and the Supplemental Grant is that the SEOG is distributed by the colleges/universities based on a fixed amount they receive from the government.
This means that SEOG money is limited and will run out. Each college even has its own deadline for applications to make sure that the students in most need get benefits.
You need to apply for this grant ASAP to make sure that you get the financial aid you need!
Since the Pell Grant and the SEOG come from the federal government, you can apply for both education grants with the same form. After filling out your FAFSA online, you’ll find out about your approval for the SEOG and the Pell Grant in 3 to 5 days. Your approval AND how much you receive will be based on:
- You and/or your family’s earnings and assets.
- Other aid you receive.
- The time when you apply.
- The amount of funds your school has left!
Applying for the Pell Grant opens up opportunities for you to get other popular awards. Students can actually apply to get other awards and that doesn’t affect the amount of financial aid funding that they will get from the Pell Grant.
The Pell Grant is need-based financial aid provided by the government, while the FSEOG are funds provided by the government directly to the college so that they can use it to award the students. All schools that receive these funds have to use the funds in order to keep receiving them every year.
Depending on how much is the amount you are receiving from financial aid, the amount of the FSEOG award might be affected. Additional assistance typically means less money received by the student.
The amount that each student can receive from these awards vary very much depending on each one’s particular situation. Factors like their family’s financial situation, and how much assistance the student is getting.
Regardless, it never hurts to get accepted, since you do not have to repay these grants. The most important thing to do if you want to apply for both the Pell Grant and the FSEOG awards is to make sure that you apply EARLY.