Recently, the Hurricanes Harvey, Irma, and Maria Education Relief Act of 2017 was passed and as a result, Federal Student Aid has adjusted the reallocation process for supplemental FWS funds to assist those students impacted by the hurricanes. Normally supplemental funds are reallocated to other eligible schools but the new legislations provides supplemental FWS funds to be allocated to schools that are in the FEMA-declared disaster areas, and schools that have enrolled a significant number of students that live in the FEMA-declared disaster areas. to work with Congress on additional flexibilities for hurricane-impacted students and schools. Schools are strongly encouraged to award these funds to students impacted by the hurricanes.
When schools have unexpended funds, FSA reallocates those funds in the next award year to schools that had a “fair share shortfall” on their Campus-Based Statement of Account. Schools will be notified by e-mail before the end of September if they have received supplemental funding. You can read all about it here: http://bit.ly/2bJcwBm