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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 ends. Changes to your financial aid can result from the following:

  • Changes made to your residency status
  • Changes made to the information on your FAFSA (due to verification or updates a student has submitted)
  • Changes made to your enrollment status or enrolled credit hours
    • 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
  •  Changes made to correct costs, errors, oversights, and/or over-awards
    • Adding large or numerous outside scholarships may cause us to adjust your award to ensure you are not awarded over your cost of attendance. 
    • If an outside scholarship requires us to adjust your financial aid award, loans will be reduced before grant or waiver monies.

The Financial Aid Office may also revise your award(s) during the year if additional funds become available or we do not receive anticipated funds.

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:

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