University Statement Regarding the Situation of Financial Aid Over-Awards
Oct. 23, 2009
The University mistakenly over-awarded financial aid in 137 known cases out of 9,581 total student financial aid awards this fall. The financial aid and bursar’s offices have alerted the students involved and are working to resolve the situation without creating undue hardship on individuals.
The over-awards ranged from $27 to $6,400, for an approximate total of $160,000 out of more than $50 million in aid awarded this fall. More than 98 percent of students eligible for financial aid received correct awards.
Over-awards of need-based aid must be returned because federal law sets limits on grant-in-aid funding, and because such funding is needed to support other deserving students who have substantiated need.
Both the financial aid and the bursar’s offices have been in the process of converting to a new data management system this year, and these mistakes were a regrettable byproduct of a massive system change which has been, for the most part, highly successful. We apologize for the inconvenience this has caused for this group of individuals and will work with them to resolve the problem.
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