Once a student’s grant has been adjusted to allow room for additional outside assistance, her award will be further revised, if necessary, to lower federal loan and work study awards to prevent a federal over-award. Reductions will be made in this order: Federal Perkins Loan, Federal Subsidized Direct Loan, Federal Work Study.
A federal over-award occurs when a student is receiving more need-based aid than her demonstrated need as determined by the U.S. Department of Education from the information provided on the Free Application for Federal Student Aid (FAFSA). If a federal over-award occurs, causing a student to lose eligibility for the Subsidized Federal Direct Loan Program, the Office of Financial Aid will advise the student of any eligibility remaining under the Unsubsidized Federal Direct Loan Program. Students are encouraged to keep their borrowing to a minimum and to borrow less after receiving outside scholarships. However, they will be invited to make this choice.
A student who loses eligibility for Federal Work Study because of an outside scholarship may still have the option to work on campus, depending on the availability of jobs, scheduling, and current College Student Employment policy.
Many announcements about local community support are made after the College’s initial financial aid award offer. Students receiving outside scholarships must inform the Office of Financial Aid as soon as possible so they can make necessary adjustments and provide notification of award changes.