All About Your Revised Aid Award

Occasionally, financial aid packages must be revised. We are required by federal regulations to prevent over payments, commonly referred to as an overaward situation, and this may require us to make changes to your financial aid package. This is to protect you from an overaward, in which case we will ask you to pay back WVU for the amount in excess of your Cost of Attendance. Like your initial aid package, the revised award is based on your individual need and eligibility and may include various types of aid such as scholarships, grants, loans or employment.

NOTE: A revised award letter DOES NOT necessarily mean you are in an overaward situation. It is our effort to notify you of a change in your financial aid and, in certain cases, prevent an overaward from occurring.

Our packaging principles and revised packaging principles are based on:

—>Pell Grants packaged first; not reduced for other aid

—>Campus-based package based on Pell eligibility, Expected Family Contribution (EFC), and resources

—>Subsidized Loans based on Pell eligibility, EFC, and estimated financial assistance

—>Unsubsidized Loans and PLUS based on Pell eligibility and estimated financial assistance.

OVERAWARDS

An overaward is created when the student’s financial aid package exceeds the student’s need. While we must always take care not to overaward the student when packaging aid, circumstances may change after the initial aid is awarded causing an overaward. For instance, the student may receive an academic scholarship after the initial packaging. This situation will create a revised award letter notification. If this circumstance leads to an overaward, we are required to adjust the federal student aid package – not to exceed the cost of attendance.

TREATMENT OF OVERAWARDS

As discussed earlier, a revised financial aid package is used to notify you of a change that affected your initial financial aid package. One critical purpose behind this revised letter is to adjust your financial aid package to prevent an overaward situation.

If, at any time during the award period, the student receives additional resources that were not considered in calculating the student’s eligibility for Campus-Based aid and if these resources combined with the expected financial aid will exceed the student’s need, the amount in excess of the student’s need is considered an overaward.

You can review your revised financial aid package in STAR using your MIX account.