The federal government provides up to 75% of this money and the school provides the rest. This money is not guaranteed by the government and may vary form school year to school year.

If the school does not use its entire share of the FSEOG money, the Department of Education will not allocate as much money to that school for the next school year.

If you are not eligible for the FSEOG grant, you might be eligible for the Pell Grant. This is another grant that does not have to be paid back.

You can also read up on the Federal Stafford Loan Program.