Federal regulations require colleges to consider all educational financial assistance to be calculated in determining student eligibility. Financial assistance includes but is not limited to grants, loans, scholarships, waivers, fellowships/assistantships, work study, specific Veteran educational benefits, and similar programs used to cover postsecondary educational expenses. When a student receives more aid than his/her financial need, enrollment eligibility, or cost of attendance permits, the result may be an overaward. Overawards must be resolved and may result in funds being returned to an aid program and a student owing the University money.
Scholarships & Financial Aid typically adjusts overawards for students who are over need and for those students who exceed their cost of attendance prior to aid being disbursed. However, if a student receives additional resources after all awarded aid is disbursed, we will adjust aid as necessary in order for a student to remain best eligible for each aid program awarded. If an overaward adjustment made by Scholarships & Financial Aid results in a student account balance of $500 or more, Scholarships & Financial Aid (in conjunction with Student Business Services) will place a hold on the student’s account that will prevent course registration and transcript release. Upon receipt of payment in full, the aforementioned hold will automatically expire.