After you submit your FAFSA, 麻豆精品视频 (FAU) reviews your information and determines your financial aid eligibility. Once your offer is available, you鈥檒l receive a notification through your my麻豆精品视频account if you have any requirements to complete.听
Your initial financial aid offer assumes full-time enrollment for the fall and spring semesters. After each semester鈥檚 drop/add deadline, your enrollment is reviewed and your aid is adjusted, if needed, before funds disburse.听
You're responsible for staying up to date with your financial aid.听
- Check your 麻豆精品视频Self-Service financial aid account: Review your financial aid status and complete any outstanding requirements. New requirements may appear even after you receive your offer.听
- Check your 麻豆精品视频email: We use your 麻豆精品视频email to send important financial aid updates.听
- Complete Verification: 聽If you鈥檙e selected for Verification, submit the requested information. Your eligibility may change based on the information you provide.
- Report outside resources: Scholarships and other resources may affect your financial aid eligibility. Let us know about scholarships or other resources you receive, including Florida Prepaid, third-party payments, Social Security or military benefits.听
Terms & Conditions of Your Financial Aid Offer
You鈥檙e responsible for reading and understanding the Terms & Conditions of Offers when accepting your financial aid. These terms explain important information about your financial aid, your responsibilities and the conditions you must meet to receive and keep your aid. For additional information, also review Financial Aid Policies.听
Financial Aid Disbursement Estimator
Withdrawing from Classes
Please keep in mind that withdrawing from classes after your financial aid has disbursed may affect your eligibility for some forms of financial aid. Students may have to repay all or a portion of their financial aid.
Financial Aid Overaward Policy
The Office of Student Financial Aid is required to monitor and adjust students鈥� financial aid awards to eliminate overawards and/or overpayments in compliance with federal and state regulations and university policy.
An overaward or overpayment exists when any of these situations occur:
- The student’s financial aid exceeds the student’s Cost of Attendance (COA).
- The student is receiving need based aid in excess of the student’s financial need. Financial need is determined by subtracting the student’s Student Aid Index (SAI) from the estimated Cost of Attendance.
- The student receives multiple tuition specific awards (scholarships, grants, or waivers) that exceed the student’s tuition charges.
- The student receives multiple housing specific awards that exceed the student’s housing charges.
- The student’s award in an individual program (e.g., Federal Pell Grant, Federal Direct Loan) exceeds annual or aggregate/lifetime limits.
- The student is receiving Federal Pell Grant or Federal Iraq and Afghanistan Service Grant at multiple schools for the same payment period.
Overawards are usually the result of the student receiving aid that the Office of Student Financial Aid was not aware of when the student’s financial aid was initially offered.
Overawards may also occur when a student’s estimated cost of attendance changes due to a change in residency status, enrollment, or housing status. For example, when residency status changes from Non-Florida resident to Florida resident after financial aid has already been awarded.
Overawards may also be created when the student’s Student Aid Index (SAI) increases as a result of verification. Overawards can result from application errors as well. Regardless of the reason for overaward, the Office of Student Financial Aid is bound by regulations and policy to correct the overaward by reducing or cancelling a portion of the student’s aid.
Resolving the overaward may result in the student owing the University money if the overawarded funds have already disbursed to the student’s account. It is the student’s responsibility, therefore, to notify the Office of Student Financial Aid as soon as possible when the student becomes aware that he or she is receiving an external financial aid resource.
SAI | $3,000
Eligibility for Need-Based Aid | $24,884- $3,000 = $21,884
Total Need-Based Aid (example: Direct Subsidized Loan, Federal Pell Grant, 麻豆精品视频Grant, FSAG Grant) Offer | $22,884
Need-Based Overaward | $21,884 - $22,884 = -$1,000
This student has a Need-Based Overaward because the student's need-based aid offer exceeds their eligibility for need-based aid by $1,000.
Total Aid Offer (example: Direct Unsubsidized and Direct Subsidized Loans, Federal Pell Grant, 麻豆精品视频Grant, FSAG Grant, Bright Futures Scholarship) | $26,884
COA Overaward | $24,884 - $26,884 = -$2,000
This student has a COA Overaward because the student's total aid offer exceeds the estimated cost of attendance by $2,000.