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Answered By: Sara Stambaugh, Digital Services Librarian Last Updated: Apr 25, 2016 Views: 127
Your Financial Aid Award Letter is based on the Academic Year, which is defined as three quarters. If you are using Federal loans, they are based off of the Academic Year and will pay over the three quarters in the Academic Year.
Toward the end of the Academic Year you will go through the Financial Aid process again and will receive a new Award Letter for the next Academic Year (three quarters).
There may be circumstances where your Award Letter is less than three quarters, for example if you are transferring directly from another school or are near graduation. If you have questions about your Award Letter please reach out to your Program Manager (new students) or your Advisor (current students).