What is an "Over-Award" and why should the DOR counselor care about an "Over-Award"?

An 'Overaward' exists when a financial aid recipient has received more money from the financial aid programs (and other programs - like DOR assistance for non-disability related expenses) than they should, they have exceeded the absolute ceiling (or cap) set in the federal regulations (either the Cost of Attendance' or student's 'Need'). If the Office of Financial Aid and Scholarships has an Overaward, they have a serious problem. The Federal government requires the institution to repay the 'over-awarded amount' out of institutional funds or to collect it back from the student.