Overawards
An overaward occurs any time you receive more financial assistance than you are eligible for. This includes money from grants, loans, scholarships, work study, entitlements, waivers of tuition, or any type of financial help.
Federal regulations restrict the amount of money you can receive. You may have to repay the amount of the overaward. You will receive notification from the Office of Student Financial Assistance explaining the overaward and how to resolve it. Sometimes the overaward can be eliminated when you supply additional information.
To avoid an overaward:
- Notify the Office of Student Financial Assistance of money you are receiving from any outside source such as scholarships, alternative loans, etc.
- Check with the Office of Student Financial Assistance before applying for additional aid to see if the maximum financial aid has already been awarded.