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Campus Administrative Training Series / Bloomington Financial and Administrative Resource Page
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Financial Aid Guidelines
Federal Regulations

Activity:

Federal Regulations

Financial Policy: N/A
Related Policies:

Higher Education Opportunity Act of 2008
http://www2.ed.gov/policy/highered/leg/hea08/index.html

Additional Forms: N/A

Things to Know:

  • Federal Title IV regulations require institutions to monitor and limit total financial resources awarded to students receiving federal financial aid.  Federal financial aid includes scholarships/fellowships, grants, need-based employment, and loans.
  • Students receiving federal aid cannot have total resources in excess of their cost of attendance.  In addition, students receiving federal aid based on financial need cannot have resources in excess of their need.  An ‘over-award’ occurs when the student receives more aid than he or she was eligible to receive.  The institution is required to resolve all over-awards.
  • Please contact the Office of Student Financial Assistance (OSFA), deptsch@indiana.edu for questions.