To be eligible for this fellowship, Education Opportunity Fellowship (EOF) applicants must 1) demonstrate a need for financial assistance and have a minimum undergraduate federal loan indebtedness of $25,000, both as determined by the Michigan State University Office of Financial Aid; 2) be a U.S. citizen or a permanent resident of the United States. Exact awards will vary depending on need. Students must be in good academic standing meeting department, college, and university standards. Enrollment requirements include a minimum of 6 credits each semester or 3 credits for the summer semester. Applications are only available between mid-January and mid-March for the next aid year. Applications must be renewed each year. Funds are allocated on a first-come, first-served basis until all are disbursed. Students with undergraduate federal indebtedness of $25,000 or greater may qualify for the EOF or Student Aid Grant for Medical Student (SAG); they cannot receive both awards in the same academic year.