Why does my financial aid award notice say, “preliminary?”

    Published: 06-16-2009
    Views: 19,755
    Financial advisor Brad Barnett discusses why your financial aid award notice say, “preliminary.”

    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: Why does my Financial Aid Award Notice say, preliminary? Brad Barnett: Usually when you get a preliminary Financial Aid Award Notice, its because you are a perspective student, maybe you are first time freshman, and you are comparing schools. And often times what that simply means is the school wants to try to give you some indication of what aid they want to offer you, they haven t finished the complete review of your financial aid application yet. So the preliminary award notice is usually pretty solid, if you are comfortable with the accuracy of what you have put on the financial aid application, but if later, after the financial aid office reviews your application and some things need to change then your Financial Aid Award Notice would probably change as well.