This information explains the terms and conditions under which you are eligible to receive financial aid at Community College of Denver (CCD). As a student receiving financial aid, you are certifying that you agree to the following terms and conditions and that you understand your rights and responsibilities herein. Please read this carefully and thoroughly. In each statement, “I,” “me” or “my” refers to you, the student.
Eligibility for book advances is limited. I must meet all of the following criteria to be considered:
Book advances will be applied no earlier than one week before the start of the semester.
I understand if I change my course load or become ineligible after issuance of the book advance that I may be responsible for repaying the funds if eligibility is affected.
An overaward exists when a student's aid package exceeds their total costs or their need. Some examples include:
While we take care not to overaward you when packaging your aid, circumstances may change after you have been awarded that result in an overaward. For instance, you may receive a scholarship or grant from an outside organization or your EFC has increased as a result of verification. Regardless of the reason for the overaward, we are bound by Federal regulation to correct the overaward. Exceptions cannot be made for anyone.
When an overaward situation arises, we may have to adjust the awards in your aid package to eliminate the overaward.
Here are the steps that the Financial Aid Office will take to correct an overaward:
1. We will determine whether or not the student has increased financial need that was not anticipated at the time of the award and/or loan application.
2. If no increased need is demonstrated, and/or the student’s total aid still exceeds his or her need, we will cancel any undisbursed loans and/or return loan funds to the lender if the disbursement has already been made.
3. If the student has no loans or the student’s aid still exceeds the student’s need after all loans have been canceled, we will reduce institutional grants and/or scholarship aid.
4. If the student has received aid at another school during the same payment period, we will cancel the aid according to Title IV regulation requirements.