Accepting My Award

Accepting My Award

Accepting Your Award Offer

Any "free" money, such as grants and scholarships are automatically accepted for you and applied to your billing statement. If you would like to accept a federal student loan offered to you, you will need to do so on your Self-Service Banner. 

Important Information

When accepting your awards, please keep in mind the amount is for the academic year. You will get half of your loans in the fall, and the other half in the spring. If you decide to select a lesser amount than offered, this will be split between the two semesters so please plan accordingly. If you need help correcting or updating your loan amounts, please contact our office. 

If you are graduating in December, your loans will be prorated and we need to manually adjust your award, please contact us to assist you. 

Please Note: If you are taking summer courses and would like to use financial aid, please visit the summer aid page for instructions 

Video: How to Accept Your Loans

Text Instructions

  • Log into your Student Self-Service Banner Account
  • Select "Access Banner Services; Secure Area Login"
  • Select the "Financial Aid" Tab then "FinAid 9x"
  • Click on the "Award Offer" tab at the top
  • Scroll to the middle of the page to "Loans"
    • The default setting is to split the total amount evenly between the two semesters. You can use the "Modify" button under "Take Action" to change the amount you would like each term.
    • You must accept all of your subsidized loan offer before you can accept any unsubsidized loans. 
  • When finished please review your selections and click "Submit" at the bottom of the page. 

Loan Entrance Counseling

If you are a new federal loan borrower at Rowan University you need to complete Loan Entrance Counseling as one of the two requirements for receiving your federal loans.

Master Promissory Note (MPN)

If you are a new federal loan borrower at Rowan University you need to complete the Master Promissory Note (MPN) as one of the two requirements for receiving your federal loans.

Responsible Borrowing

Understanding your student loans and creating a budget will help you mange your student loan debt. Even though you may be eligible for several types of aid, it is always important to only borrow what you need as there are lifetime limits to the amount of loans you can borrow.