Accept/Decline Aid

After reviewing your award, all that’s left to do is to finalize (accept or decline) 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 or action, and at this point you will need to report any external scholarships you received.

While no official deadline for finalizing aid exists, keep in mind that financial aid will not credit to your student bill until aid is finalized. The Office of Student Financial Aid and Scholarships (SFA) recommends you complete all aid requirements by July 1st or six weeks before the start of the semester. Each type of aid has unique requirements.

  • Federal Loans and Work-Study
    • Subsidized/Unsubsidized Direct Loans
    • Perkins Loans
    • Federal Work-Study
    • Parent PLUS Loans
    • Graduate PLUS Loans
  • Private Loans
  • External Scholarships
Federal Loans and Work-Study

The Office of Student Financial Aid and Scholarships (SFA) offers and accepts Federal Student loans on behalf of the student.  The student’s first year at BGSU, they will need to complete a Master Promissory Note (MPN) and Entrance Counseling before the loans will show as pending aid on the student billing statement.

Please 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 www.StudentLoans.gov. Sign into the website with the student’s FSA ID information and click “Complete Loan Agreement (MPN)” or “Complete Loan Counseling.”  We will receive electronic notification of completed MPN and entrance counseling within 2 business days, at that time the student’s To Do List and Holds (located in myBGSU) will be updated.

Perkins Loans  

Perkins Loans are offered and will require student decision before it can be processed.

       • Accept the offered aid on the Student Center through your myBGSU under the “Finances”
          section > “Accept/Decline Awards” > Select the Aid Year > student can then accept or
          decline awards.

First-time Perkins Loan borrowers will need to complete Entrance Counseling and a Master Promissory Note (MPN).  These requirements will show on the student’s To Do and Holds lists after the student has accepted the Perkins Loan.

The student can complete the Entrance Counseling requirement online through their To Do List or at http://mappingyourfuture.org/OSLC/.  SFA will receive electronic notification of completion within 3-5 business days. To complete the MPN, the student should follow the link through their myBGSU on their Hold List. SFA will receive electronic notification of completion within 3-5 business days.


For previous Perkins Loan borrowers, after accepting the Perkins loan on your Student Center (please see instructions above), the loan will be set for disbursement for the semester.

Federal Work-Study

If the student has Work-Study offered on their award, they are eligible to participate in the Federal Work-Study program.  If the student chooses to participate, they will need to follow the instructions below.

  • Accept the offered Work-Study award through the Student Center in your myBGSU, under the “Finances” section > “Accept/Decline Awards” > Select the Aid Year > accept or decline awards. 
  • Attend Student, Orientation, Advising, and Registration (SOAR) and register for classes.
  • Once student is enrolled (registered for classes) they will be able to access WorkNet.  WorkNet is BGSU’s online job and internship database, find a Work-Study job by searching through job postings and contacting listed employers for the application process.
Parent PLUS Loans

BGSU’s Office of Student Financial Aid and Scholarships (SFA) will package the Parent PLUS Loan on the student’s award as offered. This amount is the Parent’s maximum, eligible borrowing amount based on the financial aid award at that time.  If the Parent would like to borrow the Parent PLUS Loan, please follow the steps below.

  1. One parent needs to submit a Parent PLUS Loan application at www.StudentLoans.gov. Sign into the website with the parent’s FSA ID information and click “Apply for a Direct PLUS Loan” > “Direct PLUS Loan Application for Parents.”
  2. 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’s FSA ID information and click “Complete Loan Agreement (MPN).”
  3. If credit denied, the parent has several options: add an endorser, pursue a credit override, and do not pursue a PLUS loan or undecided.  If the Parent chooses to pursue the PLUS Loan by either adding an Endorser or pursuing a credit override, our office will add the PLUS Loan to the student’s financial aid award.  If the Parent chooses not to pursue the PLUS or undecided, our office will automatically offer an additional Unsubsidized Loan to the student. The additional Unsubsidized Loan will be $4,000-$5,000 (depending on student’s number of credit hours earned), will be offered on the student’s award and will require the student’s decision before it can be processed.

    • Accept the offered aid on the Student Center through your myBGSU under the “Finances” section > “Accept/Decline Awards” > Select the Aid Year > student can then accept or decline awards.
Graduate PLUS Loans

You will need to complete a PLUS Loan application at www.StudentLoans.gov. Sign into the website with the student’s FSA ID information and click “Apply for a Direct PLUS Loan.”

Once credit approved, the student, if a first-time Grad PLUS borrower, will complete a Graduate/Professional Entrance Counseling and a Master Promissory Note (MPN) at www.StudentLoans.gov. Sign into the website with the student’s FSA ID information and click on “Complete Loan Counseling” and “Complete Loan Agreement (MPN)” to fulfill these two requirements.

Private Loans
  • Research your private loan options. Review private loan information and search online 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.
  • Once we receive a certification request from the lender, the student will be required to complete an Alternative loan questionnaire. We will notify the student via e-mail that the link to access the questionnaire is available on their To-Do List. After the questionnaire is completed, certification will be sent to the lender and the private loan will be viewable on the student’s financial aid award in myBGSU.

    *Note that the private loan application processing time typically takes at least 4 weeks. Apply as early as you can, so that funds arrive in time for the bill due date. The credit check on each Private loan is only valid for 30 to 180 days depending on which lender you choose. Please check with you lender and submit your application appropriately.
External Scholarships

Report your external scholarship to SFA:

  1. A letter (on letterhead) from the organization/foundation awarding the scholarship, must contain Student’s full name and the amount of the scholarship awarded.  Please be sure to include Student’s ID number.
  2. Letter can be mailed or uploaded online to SFA office.
  3. Don’t forget to give your donor the Bursar address to send a paper check.