An "overaward" is when your need based awards exceed your financial need, or the total of your awards exceed your cost of attendance. If you have been overawarded, federal regulations require CCSU to adjust your awards which may result in a bill. Need based aid include grants, scholarships, Federal Work-Study, Federal Perkins Loans, subsidized Federal Direct Stafford Loans and outside resources (i.e. faculty/staff tuition benefits, scholarships, stipends, etc.). Non-need based aid includes unsubsidized Federal Direct Stafford Loans, Federal Direct Parent PLUS Loans, Federal Direct Graduate PLUS Loans and Private Education Loans.
Possible reasons an overaward can occur is when:
You receive additional awards
Your residency status changes
Your housing status changes
The verification process results in changes made to your FAFSA data