The Federal Supplemental Educational Opportunity Grant (FSEOG) program provides need-based grants to help low-income undergraduate students finance the costs of postsecondary education, and may be available to students who are eligible for Federal Pell Grants. Federal funds are limited for this program—only applicants who demonstrate the greatest financial need are considered for FSEOG. These limited campus-based funds are awarded by the Office of Financial Aid in amounts ranging from $100 to $4,000 per year. Award amounts are dependent upon many factors including, but not limited to: financial need, the time at which the student applies for federal financial aid, amount of other aid a student receives, and availability of funds. Students must file a Free Application for Federal Student Aid (FAFSA) each year as part of the application process for an FSEOG. Eligibility is determined annually based on results from the FAFSA and students must maintain satisfactory academic progress as determined by the applicable New York Institute of Technology degree program rules.