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Overawards

Federal regulations require that, if any time during the enrollment period additional resources become available in excess of a student’s financial need, reduction in previous awards (including grants, scholarships, work and loan funding) made by DFA may be necessary.

All or part of any undisbursed loan funds may be returned to the lender if additional resources become available to a student that were not originally considered when eligibility for the loan funds was determined; returned funds would be applied to reduce the student’s loan debt.

Purdue does not award financial aid over the estimated cost of attendance. If additional resources become available, a reduction in previous awards may occur to keep the student’s aid package within the estimated cost.