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Overaward & Stacking Policies

by Partin,Wesley Benjamin last modified Jun 30, 2014 12:21 PM

Overaward Policy

An overaward is financial aid that exceeds a student’s financial need and/or cost of attendance. When a student receives aid, the University of Louisville is required to adhere to all regulations associated. All aid, including scholarships, grants, loans, tuition remission, awards, and prizes must be counted as estimated financial assistance in a student’s total aid package.

It is the student’s responsibility to report all sources of estimated financial assistance including departmental scholarships, employee tuition remission, outside scholarships, third party assistance, and Metropolitan College benefits, to the Student Financial Aid Office. To report estimated financial assistance not already included in your aid package, complete the Report Other Aid form. Reporting this information to the Student Financial Aid Office early will help prevent changes in eligibility that can result in reductions to financial aid.

When the Student Financial Aid Office identifies an overaward, adjustments will be made to the student’s aid package to ensure compliance with regulations. When allowable, self-help aid, such as loans and work-study awards, are adjusted before grant or scholarship aid is affected. If an overaward occurs after aid has been disbursed, the student may be required to repay all or a portion of their financial aid to the University.

Undergraduate Stacking Policy

The sum of all institutional aid received cannot exceed the  university’s total standard direct cost of attendance plus a stipend. Items in the standard direct cost include regular on-campus tuition charges*, average room**, average board***, and average book costs***.


For the 2014-2015 academic year, the projected stacking limit is $20,552 for residents and $34,440 for non-residents.

The following chart shows the projected stacking limit with  2014-2015 academic year costs.

2014-2015

Resident

Non-Resident

Tuition*

$10,236

$24,124

  Student Recreation Fee

Room**

$196

$5,478

$196

$5,478

   Board***

$2,642

$2,642

   Books***

$1,000

$1,000

Stipend

$1,000

$1,000

TOTAL

$20,552

$34,440


For the 2013-2014 academic year, the stacking limit is $19,940 for residents and $33,828 for non-residents.

The following chart shows the stacking limit with  2013-2014 academic year costs.

2013-2014

Resident

Non-Resident

Tuition*

$9,750

$22,638

  Student Recreation Fee

Room**

$196

$5,352

$196

$5,352

   Board***

$2,642

$2,642

    Books***

$1,000

$1,000

Stipend

$1,000

$1,000

TOTAL

$19,940

$32,828


* Subject to approval by the Board of Trustees and the Council on Postsecondary Education
** Room cost are an average across all standard university housing options
*** Average

Any funding paid by the University of Louisville may be considered institutional aid. Some examples are admission-based scholarships, departmental awards, employee tuition remission, housing benefits, KRS benefits, and athletic scholarships.  Additional costs, on a case-by-case basis, may be factored in the stacking limit when a student participates in a university-approved study abroad program.   The University of Louisville reserves the right to adjust institutional scholarship awards when a student’s total institutional aid exceeds the designated limit.

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For information on notifying our office of departmental funding for students, or to view policies and procedures, access our Department Portal.

 
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For information on sending scholarship checks to our office, review our guide for scholarship organizations.

 
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