… 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 … overpayment is resolved. Return to Title IV Policy Students who receive federal financial aid and then withdraw from ALL approved financial aid eligible classes may have to repay some or all of the federal funds they received. Eligibility for financial aid is based on …