Accepting your awards

Notification

Financial aid awards must be accepted or declined in Academica/Pipeline.

  • New students will receive one award letter via the U.S. Postal Service.

  • Continuing and returning students will receive an email notice to review awards in Academica/Pipeline. 

How to accept your award

Login to Academica at a.wayne.edu

Accept your awards

Accepting your awards
  1. Under Student Resources, click the Financial Aid link

  2. Click the "Select Aid Year" drop-down box and select the appropriate aid year.

  • The "2015-16" Award Year encompasses the Fall 2015, Winter 2015, and Spring/Summer 2016 semesters.

  1. Select "Accept Award Offer."

  2. Review the awards offered to accept, reduce or decline the awards.

  3. Click "Submit" when finished. You will be able to view all awards for the academic year.

Scholarships and grants

  • Scholarships are awarded based on many factors, including academic achievement, ability or financial need.  

  • Grants are warded based on financial need and require no repayment. A TEACH Grant may become a loan if your service requirements are not met. 

Scholarship and grant awards - What to do now
  • Complete any requirements outlined in Pipeline/Academica.

  • Be aware of the terms of your award, which may be reduced or canceled if you do not attend full-time.

Work-study awards

A work-study award is an opportunity to earn financial aid through employment. Funds are paid in a pay check. 

Federal work-study awards - What to do now
  1. Accept all or a portion of the award in Pipeline.

  2. Visit careerservices.wayne.edu for job opportunities.

Student loan awards

Loans are debts that must be repaid. If you want a loan, you should accept a Federal Perkins loan and Federal subsidized loans before you consider the more expensive unsubsidized loan.

Federal Perkins Loan

  • Perkins loans may be reduced or canceled if you are not enrolled full-time.
  • Repayment begins 9 months after you leave school, or drop below half-time enrollment
  • Interest rate - 5% fixed. No loan fees.
Federal Perkins Loan - What to do now
  1. If you want the loan, accept all or a portion of the loan in Pipeline/Academica.

  2. Complete the Perkins Master Promissory Note in Pipeline/Academica or by paper.

  3. Complete Perkins Entrance Loan Counseling online at mappingyourfuture.org/pe.

Federal Stafford loans

Subsidized Direct Loan

  • A need-based loan for undergraduates.
  • NO interest accrues while you are in school.

Unsubsidized Direct Loan

  • A need-based loan.
  • Interest begins to accrue when the loan is disbursed. 
Federal Direct Subsidized/Unsubsidized loans - What to do now
  1. Calculate a personal budget for yourself to determine if you need a loan. 

  2. If you want a loan, accept all or a portion in Pipeline/Academica. Accept a subsidized loan first.

  3. Login with your FSA ID at studentloans.gov to:

  • Complete Entrance Loan Counseling

  • Complete the Master Promissory Note 

  1. Learn about repayment choices and calculate a monthly payment at studentaid.ed.gov/repay-loans/understand/plans

When to accept your award

Federal Perkins loans and federal work-study awards should be accepted within 30 days. If your award is not accepted within 30 days of an award offer, it may be canceled.

Other loan awards may be accepted as long as you are currently enrolled at least half-time for the loan period.

Declining or reducing your awards

  • If you decline a grant, work-study award or Federal Perkins loan, you will not receive these funds if you change your mind later.
  • If you accepted or declined a loan award offer and want to change your response, complete the loan revision form and submit it to the Financial Aid Office.