Skip to main content

Why Did My Financial Aid Change?

Financial aid awards are subject to changes that may occur at any time before, during, or after a semester. The Financial Aid Office may revise award(s) during the year if we do not receive the anticipated funds or if additional funds become available. 

Changes to financial aid can result from the following:

  • Updates to residency status
  • Changes to FAFSA information due to updates made by the student or through the verification process
  • Adjustments to enrollment status (enrolled credit hours). Enrollment statuses are:
    • Full Time: 12 or more credits
    • Three-Quarter Time: 9 to 11.5 credits
    • Half-Time: 6 to 8.5 credits
    • Less Than Half-Time: 1 to 5.5 credits
  • Withdrawing from classes, taking an official Leave of Absence, or not attending classes will also affect your financial aid award. For more information, please see the following:
  • Adjustments made to correct costs, errors, oversights, and/or over-awards
    • Adding large or numerous outside scholarships may require adjustments to a student's financial aid to ensure the student is not awarded more than the cost of attendance. If an outside scholarship requires an adjustment to a student's financial aid award, loans will be reduced before grant or waiver funds.

Do You Need More Help?

Financial Aid
Student Navigation Center
Walk-In Service: Student Navigation Center: Second Floor, Classroom Building, Central Campus, 71 Loring Avenue, Salem, MA 01970