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Adjusting or Rejecting Awards
This guide will show you how to further adjust the Federal loans you were awarded in your financial aid
package after previously accepting them. If you haven’t already accepted your awards, please follow the
instructions provided in “Accepting Awards” on the Financial Aid Student Portal Library.
1. Log into your myRutgers account and open the financial aid portal by finding the My Financial Aid
widget, clicking on the awards tab, and clicking on “Award Detail and Information.”
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2. To begin adjusting your awards, go to the Financial tab.
3. Click on the pencil icon next to the fund you wish to adjust.
4. Once in the Accept Your Funds page, click “Start Loan Acceptance.”
Note: The amount you previously selected will appear in the accepted amount column on page 1 only.
Going forward, you will only see the full amount of the award for which you are eligible. If you need to
accept more or less than what you previously accepted, you should double check the amount you
previously accepted and make a mental note for your adjustments going forward.
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5. On Step 2 (Accept Loans), you can either accept the full amount offered, accept a lower amount, or
decline your loans altogether.
a. If you would like to accept the full amount of the award you’re eligible for, select the first option.
Then click “Continue.”
b. If you would like to make an adjustment to your award (adding or reducing the amount you
accepted), select the second option. Enter the total amount you’d prefer, up to the full amount of
both loans, and then click “Continue.”
• Example A: You were awarded $20,500 in Loan A and $26,667 in Loan B. If you
previously accepted the full $20,500 for Loan A and $20,000 for Loan B, but want to
increase Loan B by $5,000, enter $45,500. Double check the loan amounts are correct,
and then click “Continue.”
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• Example B: You were awarded $20,500 in Loan A and $26,667 in Loan B. If you
previously accepted the full $20,500 for Loan A and $20,000 for Loan B, but want to
decrease Loan B by $5,000, enter $35,500. Double check the loan amounts are correct,
and then click “Continue.”
Note: If you notice you can only adjust the size of your unsubsidized loan, that’s because this platform is
designed to encourage you to take the full subsidized loan first. The subsidized loan will not accrue
interest while you’re in school and up to 6 months after graduation, whereas the unsubsidized loan will
accrue interest while you’re in school. If you only want to accept the subsidized loan, enter the amount of
the subsidized loan as your “another amount” and then click continue.
c. If you would like to decline your loans entirely, select the third option, and then click “Continue.”
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6. Confirm the loan/award amounts in your package. Use the pencil icon to adjust funding further, such
as how much you want disbursed per term. The totals should add up to the award amount you’ve
selected on step 2.
a. For example, if you accept $20,500 for your award, term 11 and term 12 together should add
up to $20,500.
b. Once you’ve adjusted your term funds, click “Continue.”
c. If you accepted the wrong amount for your loan, accidentally declined a loan, or want to start
the process over again, you can navigate back to step 2 “Accept Loans” at the top of the
screen to readjust the amount of loan you’re accepting.
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7. Read the Electronic Signature Consent message and click “I Accept.” Then enter your NetID and last
name to sign. Finally, click “Sign & Finish.”
a. The “Sign & Finish” button will remain ghosted until you’ve clicked “I Accept” and entered the
required information.
Note: If you see a notice that invites you to view your award letter in the messages tab, do not go to the
messages tab to view the letter. Your “award letter” is your award package available in the financial tab.
8. Once you click “Sign & Finish,” you’ll be shown a confirmation message that indicates you’ve
successfully accepted/adjusted/declined your awards for the academic year. Click “OK.”
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9. You’ll be brought back to the Financial Tab which will show your accepted, adjusted, rejected awards
in your package.
10. To make further adjustments, click the pencil icon and begin the acceptance process again.
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Adjusting PLUS Loans
Unlike Subsidized and Unsubsidized loans, you do not have to accept the PLUS loan for it to disburse. If
you would like to accept a lower amount of PLUS loan than offered, you can adjust the PLUS loan in the
student portal in a similar manner as you adjust Subsidized and Unsubsidized loans.
1. Log into your myRutgers account and open the financial aid portal by finding the My Financial Aid
widget, clicking on the awards tab, and clicking on “Award Detail and Information.”
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2. To begin adjusting your awards, go to the Financial tab.
3. Click the pencil icon next to the PLUS loan.
4. A verification pop-up will appear requesting the borrower’s (parent’s) last 4 digits of SSN and their
Date of Birth. Enter requested information and click validate.
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5. Enter the total amounts per term you would like to accept in the boxes provided.
6. Read the Electronic Signature Consent message and click “I Accept.” Then enter your NetID and
last name to sign. Finally, click “Sign & Finish.”
a. The “Sign & Finish” button will remain ghosted until you’ve clicked “I Accept” and entered
the required information.
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7. The adjusted amount will reflect in the financial tab after completing adjustments.
8. If you are unable to adjust your PLUS loan, please contact your regional One Stop Student
Services Center with exact amounts to be accepted for the fall and spring terms. One Stop can
also help if you have additional questions about adjusting your loans.
