Overawards occur when we receive additional information not accounted for when the student was awarded originally.
Per federal financial aid regulations, we must resolve any overaward on a student’s account.
Common examples of changes that cause overawards include, but are not limited to:
- Receipt of Internal or External Scholarships
- Notification of Exemptions/Tuition and Fee Waivers (e.g. Hazlewood, etc.)
- Enrollment Changes
- FAFSA Corrections
- Residency Updated
- Changes to Your Housing Plan
In some cases, overawards will result in a balance due to the University. Payment arrangements will need to be made with Fiscal Services to ensure that a hold will not be placed on the student’s account that would prevent future registration, the viewing of grades, the release of transcripts and verification of enrollment.