If a school returns more than 10% of its Federal Supplemental Educational Opportunity Grant (FSEOG) or Federal Work-Study (FWS) allocations in a given award year, the allocation for the second succeeding award year is reduced by the dollar amount returned unless the Secretary waives this provision. The deadline to request a waiver of the 2022–23 award year penalty of FWS and FSEOG for the underuse of 2020–21 award year funds is Feb. 7, 2022. Read more about it here.