Subsidized and Unsubsidized Loans
| On HomerConnect |
|---|
| Select "Financial Aid Information" from the left-hand sidebar. |
| Select "Award Offer" from the menu at the top of the page. |
| Find your offered loans listed at the bottom of the page, with a dropdown menu to the right of each loan type. |
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Choose "Accept", "Decline", or "Modify" * |
| On studentaid.gov (for first time loan borrowers) |
|---|
| Complete Master Promissory Note (MPN) |
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Complete Entrance Counseling |
Definitions*
Accept = This will accept the full amount of loans offered, to be split between two semesters.
Ex. Selecting “Accept” for an offered amount of $3,500 will credit your account $1,750 each semester (before origination fees).
Decline = This will decline your loans for the full amount. No further action will be required.
Modify = This will allow you to enter a value for how much of the offered amount you’d like to accept. Enter the amount desired for the full year, as it will be split between semesters.
Ex. Entering $1,500 to be accepted on an offer of $3,500 will credit your account $750 per semester (before origination fees). The remaining $2,000 will register as declined.
Graduate and Parent PLUS Loans
| On studentaid.gov | |
|---|---|
| For Parents | Apply for Parent PLUS Loan |
| Complete MPN (for first time only) | |
| For Graduate Students | Apply for Graduate PLUS Loan |
| Complete MPN (for first time only) | |
| Complete Entrance Counseling (for first time only) |