Overpayments or Overawards
Overpayments or Overawards
What is an overpayment/overaward?
An overpayment or overaward occurs when a student receives more than the amount for which he or she was eligible under the Federal Pell Grant, FSEOG, Federal Work study, Federal Perkins and Federal Direct Loan programs.
- A student will be notified by letter when such a discrepancy is discovered.
- Bethune-Cookman University will collect the overpayment or overaward from the student via our billing/collection method.
- The overpayment or overaward will be reported to the National Student Loan Data System (NSLDS) until it is resolved.