The Rensselaer Office of Financial Aid reserves the right to revise your award according to Federal, State, and Institute policies and regulations or due to unexpected business disruptions caused by natural disasters or other emergency situations impacting campus operations.

Situations when awards are reviewed for revision include but are not limited to the following:

• When the student or family make changes to their original application information
• When we make application information changes while completing an income verification review or resolving conflicting information (Federal or Institute Selections)
• Based on student receipt of additional outside aid awards such as Veteran Education Benefits, Tuition Remission, or other “Outside Scholarships”
• When the student withdrawals from some, or all, of their courses
• If the student's renewal FAFSA indicates a lower calculated need for funding (Cost of Attendance minus FAFSA "Student Aid Index")
• If the student is granted waiver approval to end their on-campus housing and meal plan obligation sooner than required by Student Living and Learning policies

You may notify us of outside awards by sending a completed Outside Scholarship Report Form.  Scholarships that we receive that do not include information about renewability will be assumed to be renewable until we are notified otherwise.

Generally, outside aid will be treated as follows:

• First, it will be used toward any unmet need in your package. Unmet need is the difference between your Estimated Family Cost to Attend Rensselaer and your Federal SAI.
   
• Next, if outside aid exceeds your unmet need, Federal Regulations require us to reduce need-based Federal sources (i.e. Work Study, SEOG, and/or Subsidized Direct Loans) by the amount received.
   
• Finally, the remaining outside aid will replace existing Rensselaer need-based aid rounded up to the nearest $50 increment.   This adjustment will not impact your Rensselaer merit scholarships, unless combined sources exceed the Cost of Attendance.

We will verify the accuracy of the information reported on your initial and/or subsequent FAFSA and/or CSS Profile applications.  Please note that your award eligibility may change based on this comparison.  Should your eligibility be changed a revised award notification will be made available to you.