17/18 SEOG and FWS Important Announcement
On July 5, 2017, the U.S. Department of Education (ED) announced a temporary hold on 2017-2018 FWS and FSEOG drawdowns in G5. This temporary hold began at 3:00 P.M. (ET) on July 5th due to a recently discovered error in the underlying calculations of tentative and final awards for some schools.
As a result, FWS and FSEOG awards will be recalculated for all schools. The hold is expected to last no longer than 7 business days. In most cases, this recalculation will have little or no impact on final award levels. ED has indicated the average change will be less than $3,500 for FSEOG and less than $2,500 for FWS.
Pell Grant and Direct Loan funds are not impacted by this temporary G5 hold.
ED will post a subsequent Electronic Announcement to inform schools when recalculated awards are available and G5 drawdown access is restored.