Financial Aid Offer

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 select 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.

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 selects 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.

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 are marked as "Institutional".

This section displays the Accept All Funds and Decline All Funds buttons if your institution has configured the page to show these options. When the buttons are displayed, you can accept or decline all funds in a single action rather than accepting or declining each fund listed on the Financial Aid Offer page.

Upon selecting Accept All Funds or Decline All Funds, you will have an opportunity to review your funding information. The funding information is displayed in the "Submit Funds" pop-up at the top of the page and includes a grid with the following details:

• Funding Description

• Fund Status (Accepted Amounts and Declined Amounts)

• New loan amount if you opted to decrease the offered amount

The grid will not list details of funds that you previously accepted or declined.

To proceed with the final submission, select the Submit Funds button. To return to the Financial Aid Offer page, select the Cancel - go back to adjust button.

When you select Submit Funds, the following message appears:

Once you've submitted the funds:

• The Accept and Decline buttons will no longer be displayed for the individual funds on the page

• The fund statuses will be updated to Accepted or Declined depending on whether you selected Accept All Funds or Decline All Funds.

• For declined funds, the Net Amount, Fee Amount, and Gross Amount/Total Amount will be updated to zero (0).

Administrator Note: When a student selects the Submit Funds option, a Contact Manager task is created in Anthology Student. The status for the respective funding is set to 'Accepted' or 'Declined' depending on the option selected by the student.

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.

Select the expand icon () to review the disbursement details which indicate the Disbursement Date, Disbursement Status, Term (for term-based academic calendars) or Payment Period (for non-term-based academic calendars), and the Total Amount for each Term/Payment Period. If the grant or scholarship is canceled/declined, the disbursement schedule is not displayed.

When a fund is distributed over multiple Academic Years, an icon () with the following tooltip is displayed: “This Fund Source has multiple disbursements spanning other Academic Years.” The disbursement details for the fund will show only the disbursements for the Academic Year you selected at the top of the page. When you select Accept and select Submit Funds, the icon also appears in the Submit Funds pop-up, and the full amount for the selected Academic Year is shown.

The Net Cost (Cost of Attendance - Gift Aid) tile indicates the amount you owe for your program of study after subtracting the grants and scholarships.

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.

Loans

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 the Gross Amount, select outside of the grid to view the recalculated bank fees and total loan values as shown in the animation below.

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.

To reset the original loan amount values in your financial aid offer, refresh the page in your browser using the refresh button or a keyboard shortcut such as F5 or Ctrl + R. Once you select 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.

Select the expand icon () to review the disbursement details which indicate the Disbursement Date, Disbursement Status, Term (for term-based academic calendars) or Payment Period (for non-term-based academic calendars), Net Amount, Bank Fee, and the Gross Amount for each Term/Payment Period. If the loan is canceled/declined, the amounts are set to zero (0) and the disbursement schedule is not displayed.

The Disbursement Status can be Scheduled, Paid, or Return to Fund Source.

• Scheduled indicates that the disbursement is pending to be paid to the student on the indicated Disbursement Date.

• Paid indicates that the disbursement was paid to the student on the indicated Disbursement Date.

• Refund to Fund Source indicates that the disbursement was refunded to the fund source on the indicated Disbursement Date.

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.

Parent PLUS Loans

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 the Gross Amount, select 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 select Accept, Decline, or Submit Funds.

Select the expand icon () to review the disbursement details which indicate the Disbursement Date, Disbursement Status, Term (for term-based academic calendars) or Payment Period (for non-term-based academic calendars), Net Amount, Bank Fee, and the Gross Amount for each Term/Payment Period. If the loan is canceled/declined, the amounts are set to zero (0) and the disbursement schedule is not displayed.

The Disbursement Status can be Scheduled, Paid, or Return to Fund Source.

• Scheduled indicates that the disbursement is pending to be paid to the student on the indicated Disbursement Date.

• Paid indicates that the disbursement was paid to the student on the indicated Disbursement Date.

• Refund to Fund Source indicates that the disbursement was refunded to the fund source on the indicated Disbursement Date.

Once you select Accept or Decline for a specific loan or select 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 = PLUS in Anthology Student. These fund sources are listed in the student's profile under Financial Aid > Awarding > Awards tab.

Federal Work-Study

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.

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 () or collapse () 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

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.

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.