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When should departments award students to receive the greatest benefit and prevent the need to recalculate award packages?

ASU awards students as follows:

Freshmen and new students - Awarding begins late February/early March. All aid should be awarded at this time to provide the most attractive and effective aid package up front, minimize the need for student loan borrowing and to eliminate future overawards and subsequent award adjustments that cause confusion and concern for the affected students.   

Continuing students - Awarding begins early April for continuing undergraduates.  All aid should be awarded at this time to provide the most attractive and effective aid package up front, minimize the need for student loan borrowing and to eliminate future overawards and subsequent award adjustments that cause confusion and concern for the affected students.