Adjustments to Financial Aid Financial Aid is processed throughout the year. Although we attempt to have students’ financial aid completed by the beginning of each academic year so that refunds are available to students; loans, scholarships, grants, and other types of aid may be received by the University after the start of each semester. In addition, federal and state verification continues throughout the academic year. There are other reasons that your financial aid may be adjusted, even if you have already received a refund. Some of these reasons include: Your eligibility for federal or state grants may have changed as a result of federal or state verification (your grants may have been reduced). Your enrollment status may have changed (full-time, part-time). You may have made a change in your housing status (commuter, oncampus, off-campus). You may have received an over award of financial aid, and your grants, scholarships, or loans may need to be reduced. You may have withdrawn from the University, or you may have dropped or added classes after your charges were calculated. Your eligibility for aid may have changed as a result of an appeal—either for special conditions, for being considered an independent student, or for an exception to the Academic Progress regulations. If your financial aid is reduced, and you received a refund, you must repay the University the amount of the over award, in addition to any late fees.