How to Accept Aid
After reviewing your award notice, all that’s left to do is to accept or reject your offers for the award year. The majority of grants — free money that does not need to be paid back — are automatically accepted on your behalf. However any loans offered will require your decision, and at this point you will need to report any private scholarships you received.
While no official deadline for accepting aid exists, keep in mind that financial aid will not credit to your Purdue invoice until aid is accepted. The DFA recommends you accept aid no less than four weeks before the start of the semester. Each type of aid has unique requirements for acceptance.
- Subsidized/Unsubsidized Stafford Loans
- Perkins Loans
- Purdue Loans
- Federal Work-Study
- Parent PLUS Loans
- Graduate PLUS Loans
- Accept the offered aid on myPurdue under the “Financial” tab > “Award for Aid Year” > “Accept Award Offer.”
- Follow the directions based on type of aid below.
You will need to complete a Master Promissory Note (MPN) and Loan Entrance Counseling at www.StudentLoans.gov. Sign into the website with the student information and click “Complete MPN” or “Complete Counseling.”
First-time Perkins Loan borrowers will need to complete a Master Promissory Note (MPN) at ECSI — a third-party servicer Purdue uses for this loan.
Complete a promissory note at ECSI — a third-party servicer Purdue uses for this loan. This is done each year you borrow a Purdue loan.
- Find a Work-Study job by searching through job postings and contacting listed employers for the application process.
- Once you have secured a Work-Study job, visit the Student Employment office or the DFA office on campus for a Payroll Authorization Form (PAF). Give this form to your employer when you begin your job. Remember you can only work during the semesters you are enrolled and can pick up the PAF no earlier than the first day of the semester.
- One parent needs to submit a Parent PLUS Loan application at www.StudentLoans.gov. Sign into the website with the parent information and click “Request PLUS Loan.”
- Once credit approved, the same parent, if a first-time Parent PLUS borrower, will complete a Master Promissory Note (MPN) at www.StudentLoans.gov. Sign into the website with the same parent information and click “Complete MPN.”
- If credit denied, the parent has several options: replace the Parent PLUS loan with $4,000-$5,000 Unsubsidized Stafford Loan and/or private loan up to the remaining cost, reapply for the Parent PLUS Loan with a co-signer, or reapply with a different parent borrower.
You will need to complete a PLUS Loan application at www.StudentLoans.gov. Sign into the website with the student information and click “Request PLUS Loan.”
Once credit approved, the student, if a first-time Grad PLUS borrower, will complete a Master Promissory Note (MPN) at www.StudentLoans.gov. Sign into the website with the student information and click “Complete MPN.”
- Research your private loan options. Review our private loan information and search online for lenders.
- Complete a loan application with your lender. Most lenders have applications available on their website.
- Once credit approved, contact your lender for the next steps necessary.
- Your lender will contact the DFA for certification of your loan. Once certified, the loan will appear in your financial aid package on your myPurdue account.
Note that the private loan application process typically takes at least 30 days. Apply as early as you can so that funds arrive in time for the bill due date.
Report your private scholarship to the DFA on your myPurdue: