Accepting your awards

Notification

Financial aid awards must be accepted or declined in Academica.

  • 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. 

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 "2020-21" Award Year encompasses the Fall 2020, Winter 2021, and Spring/Summer 2021 semesters.

  • Select "Accept Award Offer."

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

  • 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 Academica.

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

Tuition pledge programs

Tuition pledge programs fill gap between your tuition and standard fee charges and other scholarships and grants. Programs include Wayne Access, Heart of Detroit and Born to Be a Warrior.

Tuition pledge programs - Next steps

  • Register full-time each semester (12 or more credit hours).
  • Plan to file your 2021-22 FAFSA in the fall 2020 semester.
  • Maintain satisfactory academic progress.
  • Be aware of your renewal criteria such as GPA and a minimum number of credits passed each academic year

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. If you do not have an award, you may request one online

  2. Accept all or a portion of the award in Academica.

  3. 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 subsidized Federal Direct Loans before you consider the more expensive unsubsidized loan.

Federal Direct Loans

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

  • Register at least half-time (6 undergraduate credit hours).
  • Repayment begins 6 months after you leave school or drop below half-time enrollment. 
  • Interest rates and loan fees
  • Subsidized Direct Loan - A need-based loan for undergraduates. NO interest accrues while you are in school.
  • Unsubsidized Direct 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 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 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, you may 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.