Criteria for Determining Financial Need. An institution shall determine a student's financial need using the federal method of need analysis. An award under the program will be set by the institution so that the student's total financial aid, including the program award, will not exceed the student's financial need. Priorities in Making Awards. Because the number of eligible applicants will normally exceed the number that can be assisted with the CSAP funds allocated to an institution, the institutional aid officer's professional recommendation will determine which candidates receive CSAP awards as well as the specific amount of each individual's award.
Individual awards are to be made for the academic year, a portion thereof, or the summer term.
The maximum individual award for the academic year shall not exceed any award limit set forth in the Appropriations Act. Should additional aid or reports of income changes be received after the initial CSAP award has been included in a student's financial aid package, the student's package should be reviewed to ensure that total aid does not exceed need. Procedures followed will be identical to those required for adjusting awards under the federal campus-based financial aid programs. The council will provide assistance, interpretation of policy and regulations, and guidance to the institutions in their handling of administrative matters. The reports shall include but not be limited to copies of institutional financial aid audit reports and audited financial statements.