Accept/Decline Aid
HOW TO ACCEPT AWARDS
Grants and Scholarships
You don’t need to do anything special to accept federal or state grants or scholarships.
We assume that you will want this money that you do not have to pay back.
Work-Study
If you have been offered a federal work-study award, there will be a job fair during
the second week of the semester. Watch for announcements on your VU-x account. You
might be able to find employment at the job fair if you haven't found a position before
then. If you were not offered work-study in your original award letter and want to
see if you qualify, please come to the Student Financial Services windows to ask to
see a Student Financial Services counselor.
FEDERAL DIRECT SUBSIDIZED OR UNSUBSIDIZED LOAN
If you have been offered a federal direct subsidized or unsubsidized Stafford loan,
please go to your VU-x account and accept them there. The option to accept or decline Stafford loans on your VU-x account for a new award
year is not available until summer (usually early July). An email will be sent to
you when this option is available. First-time borrowers must complete entrance counseling and a master promissory note
at HTTPS://STUDENTAID.GOV. The loan funds for first-time borrowers will not be here until 30 days into the
semester they are first here.
FEDERAL DIRECT PARENT PLUS LOAN
For dependent students: Parents may be offered a Direct PLUS loan. To apply for this
loan, a parent must fill out the Parent PLUS Loan Application on HTTPS://STUDENTAID.GOV. If the parent's credit is approved, the parent will also need to complete a PLUS
Master Promissory Note. Credit check is conducted by the Department of Education.
If a parent’s application is denied by the lender, the student is eligible for an
additional unsubsidized Direct Stafford loan of up to $4,000 per year. To apply for
this additional federal direct unsubsidized Stafford loan, the student should go to
their VU-x. There follow the directions for accepting Stafford loans, only this time
the student will accept the "Additional Unsub - PLUS Denial."
HOW TO DECLINE AWARDS
Work-Study
If you have been offered federal work-study, you may decline these awards by filling
out the Aid Change Request form below and turning it into the Student Financial Services
office.
Federal Direct Subsidized or Unsubsidized Loan
If you have been offered a federal direct subsidized or unsubsidized Stafford loan
and have not already accepted them, please go to your VU-x account and decline them
there. The option to accept or decline Stafford loans on your VU-x account for a new
award year is not available until summer, and an email will be sent to you when this
option is available. If you have already accepted your loans and have changed your
mind or don't have the option to decline loans on your VU-x, you can decline the loans
by filling out the Aid Change Request form and turning it into the Student Financial
Services office.
Federal Direct Parent PLUS Loan
If your parents have been offered a federal direct Parent PLUS loan, you can decline
this award by filling out the Aid Change Request form and turning it into the Student
Financial Services office.
File(s):
