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The FSEOG program is funded jointly by the U.S. Department of Education and taking part faculties. About 4,000 institutions participate, starting from universities to dance academies. Colleges contribute one dollar for each three authorities dollars. The amount varies from year to 12 months, relying on the Division of Schooling’s annual price range, the colleges’ request for funds and the number of schools that take part. The Department allocated $757 million for FSEOGs for 2009. When mixed with the faculties’ contribution, complete funds got here to virtually $960 million [supply: U.S. Department of Schooling].
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