Generally, any amount of campus-based aid or Federal Family Education Loan that exceeds the student's financial need or Cost of Attendance ( PELL Grant is always the first award when adding up sources of funds in determining an over-awarded, and is awarded based upon cost of attendance and need, and hence is never the reason for an overaward).
an amount that exceeds your financial need
Occurs when a student receives financial assistance in excess of demonstrated need, requiring a reduction or repayment of some aid funds.
Generally, any campus-based or loan funds disbursed in excess of the student's financial need (the overaward concept does not apply to the Federal Pell Grant Program because it is an entitlement program.)
Generally any amount of campus-based aid or a Federal Family Education Loan that exceeds the student's financial need. (The Overaward concept does not apply to the Federal Pell Grant Program.)
A situation that occurs when a student's family contribution plus any financial aid awarded exceeds the cost of attendance at a given college. Overawards result most often when a student's enrollment status changes or when additional resources (such as a private scholarship) become available to a student.
An amount of aid awarded in excess of demonstrated financial need.
The amount of financial aid proceeds that, when added to other student financial assistance, exceeds the borrower's educational need.
