Am I guaranteed to receive all the aid that I’m offered?

    Published: 06-16-2009
    Views: 10,027
    Financial advisor Brad Barnett discusses whether you’re guaranteed to receive all the aid that you’re offered.

    Brad Barnett

    Brad received his Bachelor of Science degree from Southern Arkansas University, with a major in Psychology and a minor in Business.  He furthered his education by graduating from the Medical College of Virginia at Virginia Commonwealth University with a Master of Science degree in Rehabilitation Counseling, specializing in Mental Health.  He has been involved in the financial aid and/or rehabilitation professions for the past 15 years. Brad, a Past President of the Virginia Association of Student Financial Aid Administrators (VASFAA), currently serves as the Senior Associate Director of Financial Aid & Scholarships for James Madison University.  Immediately prior to JMU, he served as an Assistant Director of the Financial Aid Office at Virginia Commonwealth University.  Brad has presented numerous sessions at state, regional, and national conferences, and has served on a variety of association committees.  In addition to speaking at professional conferences, Brad has conducted an abundance of workshops and presentations in non-conference environments, including teaching a credit based financial literacy course at JMU entitled “Dollars and Sense.”  Many of the topics Brad’s speaks on include communication, leadership, values, financial aid policies and procedures, financial literacy, and saving for college.  He has also facilitated strategic planning and value development retreats.

    Host: Am I guaranteed to receive all the aid that I am offered?

    Brad Barnett: No, it sure would be nice if that was the case, but unfortunately your eligibility can change throughout the course of the school year. We base that financial aid award on certain factors and if any of those things change, your award can change. A good example of that is your enrollment level; if we base your eligibility on you being a fulltime student for the entire year and then in the spring semester you only take a halftime load your reward is going to change, even though you received an award notice earlier in the year with the different dollar amount; but if your reward changes, the financial aid office will let you know that something has been adjusted.