The Department of Education has officially published a finalized report that details the approved 2024-25 Campus-Based funding for the Federal Supplemental Education Opportunity Program (FSEOG) and Federal Work-Study Program (FWS). This report contains each institution’s name, OPEID, address, state code, and the amount that they will receive for each fund as of June 2024; users can also sort the document by state or view the total amount award for all schools.
What should I know about this year’s FSEOG award?
- The maximum student award amount for each academic year of undergraduate study is $4,000
- Federal funds will provide 75% of the grants with the school providing the remaining 25% from its own resources unless a regulatory waiver of the required institutional share is granted
What should I know about this year’s FWS award?
- Federal funds provide 75% of a student’s FWS earnings
- A matching school or off-campus agency contribution provides the remaining 25% unless a regulatory waiver of the required institutional share is granted
- The federal share of earned compensation for employment at private for-profit organizations may not exceed 50%
- The federal share may be up to 90% under certain conditions for employment at private nonprofit and public agencies and may be up to 100% for students employed as reading or math tutors or performing family literacy activities
Financial aid administrators can view their institution’s allocated funds as an excel spreadsheet or a pdf file. Both are available here:
- Notification of Campus-Based Funding for the 2024–25 Award Year in Microsoft Excel Format, 331KB
- 2024–25 Expected Family Contribution (EFC) Procedures and Standard EFCs in PDF Format, 85 Pages, 1.34MB
SOURCE: (CB-24-14) Notification of Campus-Based Funding for the 2024–25 Award Year