Responding to your eFAAN
For each award offer listed on the eFAAN, you must indicate one of three responses: accept, decline, or reduce. You may accept aid from one source and not another. Some gift aid awards (money you do not have to repay, such as grants and scholarships) are already accepted for you. Other gift aid, such as fellowships or waivers, may be accepted or declined. However, you are not required to accept any or all of the work-study and loans awarded to you.
Please be aware that:
- if you register for fewer than 15 credits, your Minnesota State Grant award will be adjusted based on the number of credits you are registered for and your tuition and fee charges. If you take fewer than 12 credits, your Federal Pell Grant will be reduced based on your enrollment level.
- work-study income offers an additional benefit, unlike regular student employment. Work-study earnings are considered financial aid and are not included as income when your financial need is determined for the coming year, improving your eligibility for financial aid.
- the loan amount(s) offered on your eFAAN is your maximum annual loan eligibility. Consider your needs carefully before deciding whether to accept the full amount, a reduced amount, or decline the offer completely. For instance, if you borrow the maximum Direct Loan amount during fall and spring semesters, you will not be eligible for a summer loan from that program. Keep in mind that you must accept any subsidized loan in full before you may accept an unsubsidized amount. If you accept a reduced loan amount and later realize you need to borrow more, you can usually request an additional loan in writing later in the school year if you have remaining eligibility.
For more information about your individual financial aid awards, click on the award name for a description. Some awards have minimum enrollment requirements or require additional steps such as completing a promissory note.