This assessment provides you with an opportunity to review procedures regarding the Federal Supplemental Educational Opportunity Grant (FSEOG). If you completed the student eligibility file review and identified FSEOG issues, it is recommended that you complete the appropriate activities provided in this assessment. Additional links are provided to assist you in the evaluation of your verification process.
Why start with policies and procedures?
Reviewing and developing policies and procedures is a good place to begin when evaluating your financial aid operations. It is difficult to assess your compliance on an individual student level if your policies and procedures aren’t fully developed, are inaccurate or are not being consistently followed. Completing the policies and procedures prior to any other activities will help you identify additional areas to evaluate and will assist you in making the most of your compliance efforts.
For FSEOG we recommend that you start with the following activities from the policies and procedures Design Process Chart: Activity 6. In addition, you may find it helpful to select a topic related to Federal SEOG Program to provide you with a policy and procedure template. Use this template to either assist you in creating a new policy and procedure or to test your current policies and procedures.
If you identify areas requiring corrective action, we recommend that you complete the Management Enhancement Worksheet.
Activity Bar:
FSEOG Activity 1: FSEOG File Review
FSEOG Activity 2: Administrative Cost Allowance
FSEOG Activity 3: Federal & Non-Federal Share
Additional Links: Core FSA Handbook Links for this assessment:
2008-09 FSA Handbook, Student Eligibility, Chapter 7
2008-09 FSA Handbook, Campus-Based Programs, Chapter 1
2008-09 FSA Handbook, Processing Aid and Managing Federal Student Aid Funds, Chapter 2
2008-09 FSA Handbook, Overawards, Overpayments & Withdrawal Calculations, Chapter 1
| FSEOG | Activity |
| FSEOG Over awards and Overpayments: 673.5; 2008-09 FSA Handbook, Overawards, Overpayments & Withdrawal Calculations, Chapter 1, pages 5-8 through 5-22 |
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| Coordination with Bureau of Indian Affairs Grants 673.6; 2007-08 FSA Handbook, Calculating Awards & Packaging, Chapter 7, page 3-122 | |
| Administrative Cost Allowance (ACA) 673.7 | FSEOG Activity 2: Administrative Cost Allowance |
| Cash Management 34 CFR 668.163 | |
| FSEOG General Disbursing Requirements: 668.164 | FSEOG Activity 1: FSEOG File Review Worksheet |
| Late Disbursements see 668.164(g), 668.22(a), 2008-09 FSA Handbook, Processing Aid and Managing Federal Student Aid Funds, Chapter 2, pages 4-56 through 4-60 | |
| Program Participation Agreement Requirements 676.8 | |
| FSEOG Specific Eligibility Requirement: 676.9, 676.2(b) | |
| FSEOG Award Requirements: Exceptional Financial Need/Pell Eligible. 676.10; 2008-09 FSA Handbook, Student Eligibility, Chapter 7, page 1-76 through 1-77 Less-Than-Full-Time & Independent Students 676.10(b) Making FSEOGs Available Throughout the Year in 676.10 |
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| Frequency of Disbursements 676.16(a) and 676.16(e) | |
| FSEOG Uneven Costs/Unequal Disbursements 676.16(b) | |
| Carry Forward/Carry Back 676.18 | |
| Transfer of Funds; 676.18, 2008-09 FSA Handbook, Campus-Based Programs, Chapter 1, page 6-11 | |
| Fiscal Procedures and Records 676.19(b), 668.24 | |
| FSEOG Award Calculation. 676.20 | |
| Federal Share and Nonfederal Share, Methods a school may use to meet its nonfederal share 676.21, 676.21(b). | FSEOG Activity 3: Federal & Non-Federal Share |
