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Accept your Federal Loans

In order for a student's federal loans to be applied to their account, they must complete a few additional steps at the beginning of each year.

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.

Choose "Accept", "Decline", or "Modify"**

On studentaid.gov (for first time loan takers)
Complete Master Promissory Note (MPN)

Complete Entrance Counseling

**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)
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.
Choose "Accept" or "Modify"**

**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).

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.