Financial Aid Awards are contingent upon admission as a regular student and enrollment at the University. A student may not be eligible for some types of financial aid, if not admitted as a regular, degree seeking student. Students are required to notify the Financial Aid Office of any additional financial aid received from sources outside ASU. Receipt of additional financial aid may result in an adjustment of the financial aid offered by ASU. Students receiving financial aid who find it necessary to add, drop or audit classes, have classes canceled, or do not begin attendance in any classes for which they are registered must notify the Financial Aid Office of such action immediately. Students must reapply for financial aid each academic year. Summer applications are available in the financial aid office if you plan to attend summer school. Students must submit a loan request form if applying for a William D. Ford Direct Loan. First time recipients of the William D. Ford Direct Loan must attend an entrance loan counseling session before funds can be disbursed. Students with a grade point average below 2.0 must make an appointment with the Default Prevention Coordinator before receiving a loan award. Over Awards Financial aid recipients may not receive funds in excess of their financial need. This occasionally occurs when students receive funds from other sources or agencies. When over awards occur, the Financial Aid Office is required to adjust student's financial aid award packages. Students may be required to repay funds they are not eligible to receive. Enrollment Status Awards are calculated based on full-time enrollment. If a student will not register as full-time, please notify the Financial Aid Office immediately. Federal Direct Loan recipients MUST be enrolled at least half-time at the time of loan disbursement. Summer School Summer school is considered to be at the end of the year for awarding financial assistance. The eligibility of each student's aid is based upon remaining annual limits for grants and loans. Please Note: Students that receive their maximum eligibility during the fall and spring semesters may not have any remaining eligibility for summer school. Students wishing to attend summer school should complete a summer application in the spring semester. Refunds When a Federal Student Aid recipient withdraws, drops out, or is expelled after receiving a cash disbursement for non-institutional costs, the University will determine whether the student has received an overpayment. The Business Office will calculate this amount based on a formula mandated by the Department of Education. The student will be notified by the Business Office of the amount owed to the federal student aid programs. If the student does not repay the amount owed, he or she is ineligible for further financial aid and will be reported as being in overpayment to NSLDS. See your Financial Aid Counselor for additional information.