Grant funds awarded (with the exception of the TEACH Grant) are automatically accepted by the Office of Student Aid. Additional documents may be required for to receive the TEXAS Grant. You will be notified of these requirements via Self-Service Banner.
Federal student loans, the TEACH Grant, and Work-Study will require positive confirmation by accepting your offer on the Self-Serve Banner account. If accepting student loans, you may accept a partial amount if you do not wish to receive the full amount of the loan offer. If you are awarded both a subsidized and unsubsidized loan, you will be required to accept all the subsidized loan before you are able to accept the unsubsidized loan. Please contact our office if you have trouble accepting your loan.
An overaward exists if your aid package exceeds your need. While Lamar University always takes care not to overaward students when packaging aid, circumstances may change after you are packaged resulting in an overaward. For instance, you may receive a scholarship or grant from an outside organization. When an overaward situation arises, your aid package may need adjusting to eliminate the overaward. To eliminate the possibility of being overawarded, you are encouraged to report other resources you may be receiving as a result of your enrollment. You may report these resources in your self-service banner account. Reporting this information to the Student Aid Office early will help resolve the overaward.
As a student aid recipient, you are required to report educational resources to OSA, excluding Federal Veterans Benefits. You may report your resources by going to the Resources/Additional Information located in Self -Serve Banner. Reporting these resources early will help eliminate the possibility of being overawarded. It is most helpful to receive this information by July 1st to make the necessary adjustments before the year begins. We understand that you may not be aware of certain resources until after the school year begins, but please note that you are required to report the names and amounts of all types of educational assistance as soon as possible.
When the Office of Student Aid identifies an overaward, adjustments will be made to your aid package to ensure compliance with all Federal and State regulations. Self-help aid, such as work-study awards, are adjusted before loan, grant or scholarship aid is affected if you are not working. If an overaward occurs after aid has been disbursed, you may be required to repay all or a portion of your student aid to the University.
Typically, the order of returned funds will go as follows:
In some cases where the student is an overaward due to financial need, this may be different.