Students being helped at the One-Stop

Financial Aid Handbook - Overawards

An overaward occurs when the combination of all your financial aid exceeds your financial aid need, or an error is made in determining your eligibility for a particular aid program. When this occurs, a reduction in your financial aid will be necessary. If you have already received the award(s), you must repay the amount of the overaward. Should you fail to repay any Federal overaward amount, you will lose eligibility to receive all Federal financial aid at all schools, not just Lake Michigan College.


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