Whats the total dollar amount of aid that was over-awarded to students?
We’ve identified approximately $440,000, to date for the veterans and resident assistants who were over-awarded. To put that figure in context, UB annually distributes $218 million in financial aid to students. How is UB working with the students who were overpaid financial aid? Financial aid advisors are working with each student on a case-by-case basis to determine their individual situation and discuss possible appeal options. We have procedures in place to assist students who are experiencing financial hardship. This includes restructuring of payments. Our advisors will explain this special payment option to the students involved. What specifically is being done to assist veterans? Hundreds of veterans are enrolled at UB; most are not affected by financial aid repackaging. For those veterans who are impacted, UB has confirmed with these students that their veterans’ educational benefits will not be reduced. Our objective is to provide them with all the financial aid that they are q
