Financial Aid Offer

The Financial Aid Offer page is displayed when you have one enrollment and select the Financial Aid Overview menu item or when you have multiple enrollments and then select the View Financial Aid Offer button for a specific enrollment. You can return to the Financial Aid Overview page by clicking the Back to Financial Aid Overview link at the top of the page or select the Financial Aid Overview menu item.

FSSOverview - Header

Administrator Note: The content displayed on the Financial Aid Offer page can be configured in Anthology Student under Configuration > Student Experience > Financial Aid Overview.

To import the configuration data from an existing Portal instance, log in to the Portal Admin Console, select the Import Config link in the Administration section on the Admin Console Home page, and select the Import Configuration for all campuses button. If you do not want to upgrade the configuration for all campuses, select the Import button for a specific campus. See Migration to FSS Configuration.

When the Student Portal has been migrated from an existing Portal, the content from the existing Portal is displayed when there is an exact field mapping. New default content is displayed for new fields.

You can override the defaults by updating and saving the configuration in Anthology Student.

Select an Academic Year

First, you need to select an academic year. This selection determines the data that will be displayed on the page.

FSSOverview - AY

The academic year is defined by its start date and end date. By default, the drop-down displays the academic year associated with the current date and lists additional academic years in descending order.

You can then determine the status of the financial aid for the selected year. The status value indicates whether your financial aid for the selected academic year is Packaged - Ready for Approval, Fully Packaged,  Not Packaged, etc.

  • If financial aid funds are available to you for the selected academic year, the page will display additional sections with details about the cost of attendance and the financial aid offers. You can then accept or decline specific funds or all funds. The sections that are displayed will depend on the information you provided in your application (FAFSA) and the financial aid offered and packaged by your institution.

  • If there are no funds available or packaged for the selected academic year, the following message is displayed: "There is no Financial Aid Offer available yet for the selected Academic Year. Please contact your Institution if you have any questions or need to inform us of a change in your status."

Administrator Note: The Academic Year drop-down list displays the academic year sequence with the start and end dates specified in Anthology Student in the student's profile under Financial Aid > Awarding > Academic Years tab.

Click the Need Help? button if you want to learn more about the financial aid process. Scroll down to view the help information provided by your institution. Click the Close to hide the help content.  Closed

FSS Offer Help

The Financial Aid Offer page displays the following sections as configured by the institution:

The Summary section displays your final Estimated Remaining Cost after Grants & Scholarships, Loans, and Other Funding have been subtracted from the institution's Estimated Direct Costs. Indirect Costs to the institution (e.g., food & housing, transportation) and Federal Work-Study are not considered while calculating the Estimated Remaining Costs.

The Estimated Remaining Costs are:

  • Recalculated and updated when costs, fund statuses, or fund amounts are changed by the institution

  • Recalculated and updated when you accept or decline funding options

  • Recalculated and updated when you reduce a loan amount on this page and have not submitted it

  • Reset to the actual/previous values when you refresh the page and the new calculation was not saved

When you click the Submit Funds button at the bottom of the page to submit your financial aid selections, the values are saved to the database and sent to the institution for further processing.

Summary

Administrator Note: The Summary reflects any updates to the costs and funds in the Anthology Student database. The values in the Summary section are updated in the UI when the student accepts or declines funding options or reduces loan amounts. The values are saved to the Anthology Student database when the student clicks the Submit Funds button.

The Cost of Attendance (Estimated) section lists the costs for your program of study for the selected academic year. These costs include direct costs to the institution (for example, tuition, application fees, books & supplies) as well as indirect costs (for example, food & housing, transportation, and personal expenses). The Estimated Annual Cost of Attendance Direct + Indirect Costs box indicates the total of all expenses that you need to cover for your program of study.

FSS Cost of Attendance

Administrator Note: This section displays the data specified in Anthology Student in the student's profile under Financial Aid > Awarding > Academic Years tab in the Budget Information section.
The Student Portal displays all the values specified under "Budget Definition" in the Budget Information section. Values under "Institutional and Other Charges" are displayed only if the charges that are marked as "Institutional".

This section is displayed only if this type of financial aid is offered and packaged by your institution.

The Grants & Scholarships section lists individual funds that are included in the Gift Aid package and displays the total amount of Gift Aid. The funds are applied to the period listed in the Award Year column. You can Accept or Decline each fund separately or all funds.

FSS grantsscholarships

Administrator Note: This section displays the fund sources that are configured as Type = ACG, GRANT, IASG, PELL, SCHOLAR*, SMART, or TEACH in Anthology Student. These fund sources are listed in the student's profile under Financial Aid > Awarding > Awards tab.

The Loans & Work-Study section lists various types of Federal Direct Loans available to students and parents as well as Federal Work-Study programs.

This section is displayed only if this type of financial aid is offered and packaged by your institution.

The Loans section lists subsidized and unsubsidized Federal Direct Loans and Institutional Loans for students. You can Accept or Decline each loan separately or all loans.

Before you accept or decline a loan, you can reduce the value in the Gross Amount field. After you have edited Gross Amount, click outside of the grid to view the recalculated bank fees and total loan values as shown in the animation below.

Reduce loan amount

You cannot set the Gross Amount value to $ 0.00 or increase the value over the maximum amount that you are eligible for based on your FAFSA details. See the validation example in the image below.

FSS Loans

To reset the original loan amount values in you financial aid offer, refresh the page in you browser using the refresh button Refresh or a keyboard shortcut such as F5 or Ctrl + R. Once you click the Submit Funds button at the bottom of the page, the values are saved to the database and sent to the institution for further processing.

Administrator Note: This section displays the fund sources that are configured as Type = LOAN, DIRPLUS, DIRSUB, DIRUNSUB, LOANNB, LOANNNB, PERKINS, SUB, or UNSUB in Anthology Student. These fund sources are listed in the student's profile under Financial Aid > Awarding > Awards tab.

This section is displayed only if this type of financial aid is offered and packaged by your institution.

The Parent PLUS Loans section lists Federal Loans that are available to parents of dependent undergraduate students. You can Accept or Decline each loan separately.

Before you accept or decline a loan, you can reduce the value in the Gross Amount field. After you have edited Gross Amount, click outside of the grid to view the recalculated bank fees and total loan values.

You cannot set the Gross Amount value to 0. You cannot increase the value over the maximum amount that you are eligible for based on your FAFSA details.

To reset original (actual/previous) Gross Amount values, refresh the page before you click Accept, Decline, or Submit Funds.

Once you click Accept or Decline for a specific loan or click the Submit Funds button at the bottom of the page, the values are saved to the database and sent to the institution for further processing.

FSS Parent PLUS Loans

Administrator Note: This section displays the fund sources that are configured as Type = PLUS in Anthology Student. These fund sources are listed in the student's profile under Financial Aid > Awarding > Awards tab.

This section is displayed only if this type of financial aid is offered and packaged by your institution.

The Federal Work-Study program provides part-time employment to students attending institutions of higher education. You can Accept or Decline the Federal Work-Study funding.

FWS

Administrator Note: This section displays the fund sources that are configured as Type = WORKST in Anthology Student. These fund sources are listed in the student's profile under Financial Aid > Awarding > Awards tab.

This section is displayed only if this type of financial aid is offered and packaged by your institution.

The Other Funding section lists financial aid that can be used to pay the remaining costs. You can Accept or Decline each fund.

For funds of type student payment or cash, you can expand (chevron down) or collapse (chevron up) each line item to view the Payment schedule detail and the Student cash payment plan.

The Payment schedule detail (if configured) displays the following columns:

  • Payment Date
  • Payment
  • Principal
  • Interest
  • Balance
  • Status

The Student cash payment plan (if configured) displays the following columns:

  • Annual Percentage Rate
  • Finance Charge
  • Amount Financed
  • Total Payment

FSS Other Funding

Administrator Note: This section displays the fund sources that are configured as Type = CASH or OTHER in Anthology Student. These fund sources are listed in the student's profile under Financial Aid > Awarding > Awards tab.

The Display Disbursement Schedule and Truth in Lending Information option in Anthology Student under Configuration > Student Experience > Financial Aid Overview > Other Funding determines whether the Payment schedule detail and the Student cash payment plan are displayed for Student Payment/CASH funds.

When you configure "Display Disbursement Schedule and Truth in Lending Information" as:

  • None, the grid does not display the expand button for Payment schedule detail and Student cash payment plan

  • Disbursement Schedule Details, the grid displays only the Payment Schedule detail

  • Truth in Lending Information, the grid displays only the Student cash payment plan

  • Both, the grid displays both the Payment schedule detail and the Student cash payment plan

If any financial aid related documents are missing from your record, the page will display a message with a link to the Document Center page where you can review the submitted documents and upload any missing documents.

FSSOverview - Missing Documents

If there are financial aid holds on your record, the page will display a message with a link to the My Message Center page with details about the holds and alerts.

FSSOverview - Holds

Accept, Decline, and Submit Fund Selections

Review your financial aid offer for the academic year and take the following 3 steps:

Step 1: Accept or decline the offered funds.

When the Accept and Decline buttons are displayed, you can accept or decline a fund. At this stage, the fund status at the institution is Estimated.

Accept-Decline

Click the Accept button button to accept a fund. The Accept button turns green to indicate that you selected it.

Click the Decline button button to decline a fund. The Decline button turns red to indicate that you selected it.

Before you accept or decline a loan, you can reduce the value in the Gross Amount field. After you have edited Gross Amount, click outside of the grid to view the recalculated bank fees and total loan values as shown in the animation below.

Reduce loan amount

Step 2: Submit your fund selections.

After you have accepted or declined the funds, click the Submit Funds button to submit all your fund selections to the institution for further processing.

Step 3: Review the fund statuses.

Once you click the Submit Funds button, the Accept and Decline buttons are no longer displayed and the fund statuses are updated.

Fund status

Accepted indicates that you accepted the fund and the institution has set the status to Approved.

Declined indicates that you declined the fund and the institution has set the status to Canceled. The amounts of the declined fund are zeroed out.

Pending indicates that you accepted the fund and a financial aid advisor at the institution needs to approve it. Once the approval is granted, the status is set to Accepted.

Administrator Notes:

Configuring the Display of Fund Sources

The option Display Award in Student Portal under Configuration > Financial Aid > Fund Sources determines whether a fund source is displayed in the Student Portal and whether the option Student Portal Acceptance Changes Award Status to Approved is enabled or disabled.

  • If the option is selected (default), the fund source will be displayed in the Student Portal and the option Student Portal Acceptance Changes Award Status to Approved will be enabled.

  • If the option is not selected, the fund source will not be displayed in the Student Portal and the option Student Portal Acceptance Changes Award Status to Approved will be disabled.

Configuring Award Status Changes

The option Student Portal Acceptance Changes Award Status to Approved under Configuration > Financial Aid > Fund Sources determines the award status after a student accepts and submits a fund offered in the Student Portal.

  • If the option is not selected (default), the status will be set to “Pending". Once a financial aid advisor approves the award, the status will be updated to “Accepted”.

  • If the option is selected, the status will be set to “Accepted".

Configuring Notifications and Tasks

You can configure the Portal to create notifications and tasks for financial aid advisors or administrators when a student accepts and declines a fund source on the Financial Aid Offer page. To configure notification and tasks, go to Anthology Student, select Configuration > Student Experience > Financial Aid Overview, and expand Internal Administrative Notifications.