The "award amount" is the amount of federal grants and state grants and the net amount of any federal loans for which the student was eligible after the school has made any required adjustments for need and enrollment level; work study earnings and awards are not included in repayment calculations.
All federal and state aid is included in the repayment calculation whether it was disbursed to the student account or to the student (through BankMobile Disbursements); however 50% of federal grant awards are protected from student repayment and state grant repayments are reduced by 50% in recognition of term start-up cuts incurred by the student.