… Overpayment … Overpayment … College ID source_2 Content Financial Aid - Overpayment (UC) … Overpayment … Financial aid eligibility is determined based on information from your FAFSA/Dream Act application, and your academic enrollment progress. … your financial aid eligibility. This may result in an overaward and/or overpayment situation. Overpayment are funds that you had received but did not earn. There are several situations that may cause an overpayment, if you: Received … hold may prevent the student from receiving college services and may jeopardize future financial aid eligibility. Unpaid overpayments will be reported to the U.S. Department of Education for collection. It is advised that the student contacts the …