Accepting/Rejecting Loans
Accepting awards is only for Federal loans in the financial aid package. If these awards display in a ‘projected’ status in the financial tab, you should not go through the loan acceptance process. The awards should be accepted once they are in an ‘awarded’ status.
1 - Once in the financial aid portal, open the FINANCIAL tab.

2 - Check the award status column to verify that the awards are in an ‘awarded’ status.
3 - To begin the award acceptance process, click ‘Update Acceptance’ or ‘Adjust my Funding.’

NOTE: This can also be initiated from the Home page by clicking ‘Review/Accept Awards’ under the TAKE ACTION ON LOANS section.

4 - Once in the Accept Your Funds Page, click on the ‘Take Action on Loans’ button.

5 - You can then review the amounts of each loan and decide what option would be best. (EXPAND FOR OPTIONS)
Option 1- You will see a suggested amount that may be sufficient to cover their budgeted tuition and fees. This may not reflect actual charges, or other outstanding balances, such as housing and transportation.
Option 2- Allows you to adjust the specific amount of the loan you receive. Enter the preferred amount, up to the full amount of the loan, and then click ‘Continue’.

Option 3- You can decline your loans, then click ‘Continue’.

6 - You will then need to confirm the loan/award amounts in their package. To adjust the funding further (the amounts per term), you will select the pencil icon to make these adjustments.
• The totals must add up to the total award amount that was indicated. For example, if they accepted $3,000 in a loan, the term amounts should add up to $3,000. Once these terms totals have been adjusted, just click ‘continue’.
• If you would like to make any adjustments to the amounts you have accepted/declined up to this point; you can navigate to Option 2 ‘Accept Loans’ at the top of the screen.
7 - Once you have selected the loan action, you will be moved on to the E-signature page. You need to read through the Electronic Signature Consent message and click ‘I Accept’. You will enter your Student ID and last name to sign. Finally, click ‘Sign and Finish’.
NOTE: The ‘Sign and Finish’ button will remain ghosted until the ‘I Accept’ button is clicked and the required information is entered.
8 - Once you click ‘Sign & Finish’, you’ll be shown a confirmation message that indicates they’ve successfully accepted/adjusted/declined awards for the academic year. Click ‘OK’ to be redirected back to the Financial Tab.
9 - Once back in the Financial Tab, you’ll be able to view your adjusted funds.

End of Procedure
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