Does Processed means its guaranteed?

This year, I didn’t notice that my FASFA had an error and my Cal Grant was delayed. However, the Cal Grant was processed in time and I was awarded but I haven’t had any changes to my school’s award details. So now I’m wondering if processed actually mean I’ll get the money and it takes a while to make the changes(I’ve been wating for a week)? Or does it have to go through the school by a certain date in order for me to get the Cal Grant?