<p>recently, i've been awarded money to pay off my college funds for the next four years.
i know that i have to report this somewhere, but i've forgotten where. i'm aware that by reporting this, my fafsa awards will be lowered. </p>
<p>who do i report this to? the university? (i've done that) FAFSA, as well?
and how do i do that? email, phone call, etc?
can someone please lead me towards the right direction?</p>
<p>If you’ve already reported it to the university then you’re good to go and you’re right, your school will adjust any other aid/loans in your package. FAFSA doesn’t need to be updated. Next year you’ll report any amounts that are paid in excess of tuition, fees, and course supplies as taxable income. You’ll have to follow the instructions on reporting income/student aid when you file FAFSA.</p>