Financial Aid & Scholarship Department
Division of Student Affairs
Federal School Code: 001153

University-wide Requirements for Coordination of Aid

Financial Aid is awarded to students based on federal formulas for determining the need for taxpayer-funded student aid programs. Federal and state regulations require that all financial aid awards take into account any and all resources that students have available to meet the costs of their education. All colleges and universities are required to have the following mandatory items in place to ensure compliance with these regulations:

Students are required to report all resources they receive during the school year (other than employment). Similarly, ALL UNIVERSITY DEPARTMENTS AND ANY OF THEIR AUXILIARIES must notify the Financial Aid & Scholarship Department of any payments or benefits that they provide to students (other than employment). Failure to do so, or late notification, puts the student at serious risk for overpayment of financial aid funds resulting in a reduction and or cancellation of Financial Aid already awarded and a billing by the University. Eligibility for all future financial aid may be affected.

Entities required to report student resources to the Financial Aid & Scholarship Department include:

Examples of Resources that must be reported include:

Employment does NOT need to be reported.

Resource coordination may result in a modification to a student's financial aid award. Students who may be subject to award revisions due to the receipt of additional resources should come to the Financial Aid & Scholarship Department to discuss the impact on their award and to explore their financing options with a financial aid counselor. Every effort will be made to protect a student's financial aid eligibility and to ensure that there are sufficient resources to meet the costs of attending the university.