Federal Supplemental Educational Opportunity Grants are for undergraduates with exceptional financial need, that is, students with the lowest Expected Family Contributions (EFCs). Priority is given to students who receive Federal Pell Grants. FSEOG does not have to be paid back. There is no guarantee that every eligible student will be able to receive FSEOG; students at the institution will be awarded these funds based on a first come basis availability at the institution. Students can receive a minimum of $100 and a maximum of $4,000 a year.