Student Right to Know

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

Accepted Sent for Processing:
The student accepted the loan on UIS and was sent for approval.

The loan has been approved.

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

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

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.

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.

A Subsidized and/or Unsubsidized loan was offered.  The student may accept or decline the loan via their UIS accout.

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.

Determination of Financial Aid Eligibility

St. John’s participates in federal financial aid progams and utlizes the Free Application for Federal Student Aid (FAFSA) for instiutional need based aid programs and therefore recommends that all students file.

The financial information you and your family provide on your Free Application for Federal Student Aid (FAFSA) or renewal FAFSA is analyzed by the federal processor using a federal methodology, a standard formula established by the US Congress. It is used by the federal processor to calculate a Student Aid Index (SAI). The SAI is an eligiblity index used to determine how much federal aid students are eligible to receive.