These need-based awards are available to undergraduate students only and do not normally have to be repaid.
Eligibility depends upon family income and ability to pay for higher education. The FAFSA is used by the government to determine the student’s eligibility and amount of grant available. The amount awarded depends upon the number of courses taken and the student's Estimated Family Contribution (EFC). Undergraduate students may receive a Federal Pell Grant each semester of attendance depending upon eligibility and number of courses taken.
Federal Supplemental Educational Opportunity Grant (FSEOG)
FSEOG is awarded to an undergraduate student with a low EFC. Luther Rice provides 25% of the award in the form of a scholarship and federal funding supplies the remaining 75%. The smallest annual award is $300 for a student who attends summer, fall, and spring terms, and this amount will be prorated if the student attends less than three terms. Funds are awarded to Pell recipients with a 0 EFC first.
The availability of excess FSEOG funds will be evaluated in the spring semester after all Pell recipients with a 0 EFC have been awarded, and if excess funds exist, those students enrolled in the spring term will be eligible. Funds will next be awarded to Pell recipients with an EFC 1-100, followed by Pell recipients with an EFC between 101-200, 201-300, etc. If funds remain after these groups are exhausted, the next selection group will begin again with those who have an EFC of 0 with the exception being the award will then go to those who did not receive Pell Grant funds.
If Luther Rice is unable to award the minimum amount ($100 if the student was enrolled in the spring) to all persons in a selected group, a random sample from the group that is small enough to allow at least the minimum award will be determined.