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.

Federal Direct Loans, Work-Study

Private Loans

Private Scholarships

Federal Direct Loans, Federal Work-Study (FWS) 

  1. Accept the offered aid on myPurdue under the “Financial” tab > “Award for Aid Year” > “Accept Award Offer.”
  2. Follow the directions based on type of aid below.

Subsidized/Unsubsidized Direct Loans

You will need to complete a Master Promissory Note (MPN) and Loan Entrance Counseling at studentaid.gov. Sign into the website with the student information and click “Complete MPN” or “Complete Counseling.”

Federal Work-Study (FWS)

  • Accept your FWS award on myPurdue.
  • Find and secure a job with an eligible on- or off-campus employer.
  • Notify your prospective employer(s) that you have FWS eligibility.  Their designated business office personnel can verify your eligibility.
  • Work your scheduled hours to earn wages.  You'll get paid bi-weekly, via direct deposit, to the bank account of your choice.
  • Students will need authorized I-9 documentation to start working.

Parent PLUS Loans

  1. One parent needs to submit a Parent PLUS Loan application at studentaid.gov. Sign into the website with the parent information and click “Request PLUS Loan.”
  2. Once credit approved, the same parent, if a first-time Parent PLUS borrower, will complete a Master Promissory Note (MPN) at studentaid.gov. Sign into the website with the same parent information and click “Complete MPN.”
  3. 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.

Graduate PLUS Loans

You will need to complete a PLUS Loan application at studentaid.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 studentaid.gov. Sign into the website with the student information and click “Complete MPN.”

Private Loans

  •  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.

Private Scholarships

Report your private scholarship to the DFA on your myPurdue:

  1. Log in to your myPurdue account.
  2. Under the “Financial” tab > “Award for Aid Year” select current aid year from the drop down box.
  3. Select the “Resources/Additional Information” tab and report your private scholarships.
  4. Don’t forget to give your donor the Bursar address to send a paper check.

Purdue University Division of Financial Aid, Schleman Hall, Room 305, 475 Stadium Mall Drive, West Lafayette, IN 47907-2050, (765) 494-5050

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Trouble with this page? Disability-related accessibility issue? Please contact Division of Financial Aid at facontact@purdue.edu.

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