SHEFA Administrator Henry Hofschneider said this means each will get $4,700.
Last January, the SHEFA board decided to reduce the scholarship award.
But Hofschneider said scholarship will still be given based on the amount promised to a recipient before the adjustment was made.
However, he said the availability of funds remains to be a concern.
He said the SHEFA board is expected to address the unpaid scholarship awards of the Framingham graduates
On July 19, he said the committee on awards will discuss the concerns of these recipients and look at the appropriation for SHEFA.
“We are not ignoring them, only that there’s no money,” Hofschneider said.
He said they have already exceeded the $3 million budget for 2010 fall and 2011 spring.
The students earlier met with the SHEFA administrator and asked for the release of their awards for the 2010 fall term, claiming that other master’s degree students had already received their financial assistance.
Hofschneider said he explained why these Framingham students failed to get their awards for 2010 fall.
He told them that under the policy, undergraduates should be the priority, but this was not observed by the previous SHEFA administration.
Those taking master degrees are the second priority in scholarship award disbursement, he added.
“There was no prioritizing [in the past] so some master’s degree students were able to get their checks before the undergraduates,” he said.
