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The Federal Supplemental Educational Opportunity Grant (FSEOG) is a federal assistance grant reserved for college students with the greatest need for financial aid to attend school. The maximum FSEOG is $4,000 a year and the amount applicants are eligible for is at the discretion of the college.
Financial aid is available from federal and state governments, educational institutions, and private organizations. It can be awarded through grants, loans, work-study, and scholarships. To apply for federal financial aid, students must first complete the Free Application for Federal Student Aid .
In the United States, federal assistance, also known as federal aid, federal benefits, or federal funds, is defined as any federal program, project, service, or activity provided by the federal government that directly assists domestic governments, organizations, or individuals in the areas of education, health, public safety, public welfare, and public works, among others.
Regulation and funding of education is primarily handled by state and local governments, and the federal government provides only 8% of K-12 education funding in the United States. [2] Congress does not have direct authority over education, so federal education policy is enforced by requiring compliance in order to receive federal funding.
The US first major government loan program was the Student Loan Marketing Association (Sallie Mae), formed in 1973. [19] [clarification needed] Before 2010, federal loans included: loans originated and funded directly by the Department of Education (ED) government guaranteed loans originated and funded by private investors.
The memo does not outline a sum of how much in federal grants must immediately be halted but says that federal financial assistance totaled $3 trillion in fiscal year 2024. Why is this happening?
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