Understanding My Financial Aid Award Status

Glossary of Financial Aid Award Statuses

Accepted, Need to sign MPN:

• The student accepted the loan on UIS  however, must sign their Master Promissory Note on www.studentloans.gov

Accepted Sent for Processing:

• The student accepted the loan on UIS and was sent for approval.

Approved:

• The loan has been approved.

Awarded:

• The award was approved and will be disbursed to student’s account in accordance with the Financial Aid Program.

Certified:

• Fund has been approved for disbursement to the student’s account in accordance with program regulations.

Denied:

• The student’s TAP application was denied by HESC for various reasons.  Please contact HESC at 1-866-431-4372

Electronic TAP Application was sent to Student:

• New York State Higher Education Service Corporation (HESC) has sent a TAP application to the student.  This application must be completed and sent to HESC.

Estimated:

• TAP:  St. John’s estimates a TAP award for all New York State residents who file a FAFSA.  This estimate is based on the income information reported on the FAFSA.
• ACG: This estimate is based on your Federal Pell Grant eligibility.  Your award is based on having completed a rigorous Secondary School Program of Study and on a review of your final high school transcript.

Grant Agreement Completed:

• The student has signed a Federal Work-study Grant Agreement.

Offered:

• A Subsidized and/or Unsubsidized loan was offered.  The student must accept the loan on their UIS account if they want to apply for it.

Pending Verification:

• The student’s aid is pending Federal/Institutional verification. Sign on to your UIS account to download requested documentation.

Plus Loan credit Denied:

• The Parent Plus loan credit check was denied by the Federal Direct Loan Program.

Scholarship Cancelled:

• The Scholarship was cancelled, the student will be notified.