{"id":1126,"date":"2024-12-20T15:00:48","date_gmt":"2024-12-20T21:00:48","guid":{"rendered":"https:\/\/myredkite.com\/blog\/?p=1126"},"modified":"2025-08-06T13:56:40","modified_gmt":"2025-08-06T18:56:40","slug":"over-awards","status":"publish","type":"post","link":"https:\/\/myredkite.com\/blog\/over-awards\/","title":{"rendered":"What Happens if You Receive Too Much Financial Aid? (Over-awards)"},"content":{"rendered":"<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\" data-pm-slice=\"0 0 []\">Financial aid is essential for many college students. But what happens when you receive too much? While <strong>over-awards<\/strong> might sound like a great problem to have, it\u2019s an issue that can complicate your academic situation.<\/p>\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Understanding how over-awards occur and the steps to resolve them will keep you on the track to success.<a href=\"https:\/\/myredkite.com?utm_source=wordpress&amp;utm_medium=blog&amp;utm_campaign=over-awards&gt;&amp;utm_content=blog\" data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"link\"> <strong data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"strong\">Red Kite<\/strong><\/a> is here to help walk you through it.<\/p>\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\"><a href=\"https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/brooke-cagle-g1Kr4Ozfoac-unsplash-scaled-1.jpg\"><img decoding=\"async\" class=\"alignnone wp-image-1127 size-full lazyload\" data-src=\"https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/brooke-cagle-g1Kr4Ozfoac-unsplash-scaled-1.jpg\" alt=\"\" width=\"2560\" height=\"1707\" data-srcset=\"https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/brooke-cagle-g1Kr4Ozfoac-unsplash-scaled-1.jpg 2560w, https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/brooke-cagle-g1Kr4Ozfoac-unsplash-scaled-1-300x200.jpg 300w, https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/brooke-cagle-g1Kr4Ozfoac-unsplash-scaled-1-1024x683.jpg 1024w, https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/brooke-cagle-g1Kr4Ozfoac-unsplash-scaled-1-768x512.jpg 768w, https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/brooke-cagle-g1Kr4Ozfoac-unsplash-scaled-1-1536x1024.jpg 1536w, https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/brooke-cagle-g1Kr4Ozfoac-unsplash-scaled-1-2048x1366.jpg 2048w\" data-sizes=\"(max-width: 2560px) 100vw, 2560px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 2560px; --smush-placeholder-aspect-ratio: 2560\/1707;\" \/><\/a><\/p>\n<h4 data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\"><strong data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"strong\">What is an Over-award?<\/strong><\/h4>\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">An over-award occurs when your total financial aid exceeds your school\u2019s cost of attendance (COA). This can happen due to:<\/p>\n<ul class=\"ak-ul\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"bulletList\" data-prosemirror-node-block=\"true\">\n<li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\">\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Changes in your COA (e.g., dropping to part-time enrollment).<\/p>\n<\/li>\n<li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\">\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Receiving additional scholarships or grants after your aid package is finalized.<\/p>\n<\/li>\n<li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\">\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Errors or miscalculations in the financial aid process.<\/p>\n<\/li>\n<\/ul>\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Federal regulations prohibit students from receiving financial aid above their COA. Schools are required to address any over-award to ensure compliance.<\/p>\n<h4 data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\"><strong data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"strong\">How Over-awards Are Identified<\/strong><\/h4>\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Financial aid offices monitor your aid package to ensure it aligns with your COA. Over-awards are usually flagged when:<\/p>\n<ul class=\"ak-ul\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"bulletList\" data-prosemirror-node-block=\"true\">\n<li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\">\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Additional scholarships or awards are reported to the school.<\/p>\n<\/li>\n<li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\">\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Adjustments are made to your enrollment status.<\/p>\n<\/li>\n<li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\">\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Audits or reviews uncover discrepancies in your aid package.<\/p>\n<\/li>\n<\/ul>\n<p><a href=\"https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/sarah-b-OfY1kmIlMC0-unsplash-scaled-1.jpg\"><img decoding=\"async\" class=\"alignnone wp-image-1128 size-full lazyload\" data-src=\"https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/sarah-b-OfY1kmIlMC0-unsplash-scaled-1.jpg\" alt=\"\" width=\"2560\" height=\"1714\" data-srcset=\"https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/sarah-b-OfY1kmIlMC0-unsplash-scaled-1.jpg 2560w, https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/sarah-b-OfY1kmIlMC0-unsplash-scaled-1-300x201.jpg 300w, https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/sarah-b-OfY1kmIlMC0-unsplash-scaled-1-1024x686.jpg 1024w, https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/sarah-b-OfY1kmIlMC0-unsplash-scaled-1-768x514.jpg 768w, https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/sarah-b-OfY1kmIlMC0-unsplash-scaled-1-1536x1028.jpg 1536w, https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/sarah-b-OfY1kmIlMC0-unsplash-scaled-1-2048x1371.jpg 2048w\" data-sizes=\"(max-width: 2560px) 100vw, 2560px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 2560px; --smush-placeholder-aspect-ratio: 2560\/1714;\" \/><\/a><\/p>\n<h4 data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\"><strong data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"strong\">What Happens Next?<\/strong><\/h4>\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Once an over-award is identified, the school will take action to resolve it. Here\u2019s what you can expect:<\/p>\n<ol class=\"ak-ol\" start=\"1\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"orderedList\" data-prosemirror-node-block=\"true\">\n<li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\">\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\"><strong data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"strong\">Notification<\/strong><br data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"hardBreak\" data-prosemirror-node-inline=\"true\" \/>Your school\u2019s financial aid office will notify you of the over-award. This notification will outline the steps needed to resolve the issue, as well as deadlines for any required actions.<\/p>\n<\/li>\n<li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\">\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\"><strong data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"strong\">Adjustment of Aid<\/strong><br data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"hardBreak\" data-prosemirror-node-inline=\"true\" \/>To correct the over-award, your school may:<\/p>\n<ul class=\"ak-ul\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"bulletList\" data-prosemirror-node-block=\"true\">\n<li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\">\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Reduce or cancel loans, grants, or work-study funds.<\/p>\n<\/li>\n<li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\">\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Request a refund of scholarships or grants from the awarding organization.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\">\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\"><strong data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"strong\">Repayment Obligations<\/strong><br data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"hardBreak\" data-prosemirror-node-inline=\"true\" \/>If funds have already been disbursed to your account or refunded to you, you may be required to repay the excess amount. This could involve returning funds to the school or the federal government.<\/p>\n<\/li>\n<\/ol>\n<p><a href=\"https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/dom-fou-YRMWVcdyhmI-unsplash-scaled-1.jpg\"><img decoding=\"async\" class=\"alignnone wp-image-1129 size-full lazyload\" data-src=\"https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/dom-fou-YRMWVcdyhmI-unsplash-scaled-1.jpg\" alt=\"\" width=\"2560\" height=\"1920\" data-srcset=\"https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/dom-fou-YRMWVcdyhmI-unsplash-scaled-1.jpg 2560w, https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/dom-fou-YRMWVcdyhmI-unsplash-scaled-1-300x225.jpg 300w, https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/dom-fou-YRMWVcdyhmI-unsplash-scaled-1-1024x768.jpg 1024w, https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/dom-fou-YRMWVcdyhmI-unsplash-scaled-1-768x576.jpg 768w, https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/dom-fou-YRMWVcdyhmI-unsplash-scaled-1-1536x1152.jpg 1536w, https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/dom-fou-YRMWVcdyhmI-unsplash-scaled-1-2048x1536.jpg 2048w\" data-sizes=\"(max-width: 2560px) 100vw, 2560px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 2560px; --smush-placeholder-aspect-ratio: 2560\/1920;\" \/><\/a><\/p>\n<h4 data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\"><strong data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"strong\">Steps to Prevent Over-awards<\/strong><\/h4>\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">While over-awards can be resolved, it\u2019s best to avoid them altogether. Here are some tips:<\/p>\n<ul class=\"ak-ul\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"bulletList\" data-prosemirror-node-block=\"true\">\n<li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\">\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\"><strong data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"strong\">Communicate with your financial aid office:<\/strong> Notify them of any external scholarships or financial changes as soon as possible.<\/p>\n<\/li>\n<li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\">\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\"><strong data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"strong\">Monitor your aid package:<\/strong> Regularly check your financial aid account to ensure your aid aligns with your COA.<\/p>\n<\/li>\n<li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\">\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\"><strong data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"strong\">Be mindful of enrollment changes:<\/strong> Dropping classes or changing your enrollment status can affect your COA and aid eligibility.<\/p>\n<\/li>\n<\/ul>\n<h4 data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\"><strong data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"strong\">What Should You Do If This Happens to You?<\/strong><\/h4>\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">If you\u2019re notified of an over-award, take these steps:<\/p>\n<ol class=\"ak-ol\" start=\"1\" data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"orderedList\" data-prosemirror-node-block=\"true\">\n<li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\">\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Contact your financial aid office immediately to discuss your options.<\/p>\n<\/li>\n<li data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"listItem\" data-prosemirror-node-block=\"true\">\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">Work with the office to create a resolution plan, whether that\u2019s adjusting future aid or arranging repayment.<\/p>\n<\/li>\n<\/ol>\n<p><a href=\"https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/anand-sahu-Jg87VT4YL8c-unsplash-scaled-1.jpg\"><img decoding=\"async\" class=\"alignnone wp-image-1130 size-full lazyload\" data-src=\"https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/anand-sahu-Jg87VT4YL8c-unsplash-scaled-1.jpg\" alt=\"\" width=\"2560\" height=\"1920\" data-srcset=\"https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/anand-sahu-Jg87VT4YL8c-unsplash-scaled-1.jpg 2560w, https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/anand-sahu-Jg87VT4YL8c-unsplash-scaled-1-300x225.jpg 300w, https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/anand-sahu-Jg87VT4YL8c-unsplash-scaled-1-1024x768.jpg 1024w, https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/anand-sahu-Jg87VT4YL8c-unsplash-scaled-1-768x576.jpg 768w, https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/anand-sahu-Jg87VT4YL8c-unsplash-scaled-1-1536x1152.jpg 1536w, https:\/\/assets.myredkite.com\/blog\/wp-content\/uploads\/2024\/12\/anand-sahu-Jg87VT4YL8c-unsplash-scaled-1-2048x1536.jpg 2048w\" data-sizes=\"(max-width: 2560px) 100vw, 2560px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 2560px; --smush-placeholder-aspect-ratio: 2560\/1920;\" \/><\/a><\/p>\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">While over-awards might seem overwhelming, they are manageable with the right approach. Staying informed and maintaining open communication with your financial aid office can help prevent and resolve these situations.<\/p>\n<p data-prosemirror-content-type=\"node\" data-prosemirror-node-name=\"paragraph\" data-prosemirror-node-block=\"true\">For more tips and tools to navigate your financial aid journey, explore <a href=\"https:\/\/myredkite.com?utm_source=wordpress&amp;utm_medium=blog&amp;utm_campaign=over-awards&gt;&amp;utm_content=blog\" data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"link\"><strong data-prosemirror-content-type=\"mark\" data-prosemirror-mark-name=\"strong\">Red Kite<\/strong>\u2019<\/a>s resources today. Together, we can make your path to education smoother and stress-free.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial aid is essential for many college students. But what happens when you receive too much? While over-awards might sound like a great problem to have, it\u2019s an issue that&hellip;<\/p>\n","protected":false},"author":5,"featured_media":1662,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[62,76,78,97],"class_list":["post-1126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-aid","tag-financial-aid","tag-jane-cooper","tag-over-awards","tag-scholarships"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What Happens if You Receive Too Much Financial Aid? (Over-awards) - Red Kite Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/myredkite.com\/blog\/over-awards\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Happens if You Receive Too Much Financial Aid? (Over-awards) - Red Kite Blog\" \/>\n<meta property=\"og:description\" content=\"Financial aid is essential for many college students. But what happens when you receive too much? 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