Husker Hub Explains: Accepting & Declining Financial Aid in MyRED
Husker Hub
Author
08/04/2022
Added
181
Plays
Description
In this video Husker Hub explains how students can view their awarded financial aid package and accept or decline awards within MyRED.
Searchable Transcript
Toggle between list and paragraph view.
- [00:00:03.510]Hi, welcome to a new session of Husker Hub Explains.
- [00:00:05.760]We hope these videos work as a visual resource for you
- [00:00:08.790]to help answer any questions
- [00:00:10.500]about handling the business side of being a student at UNL.
- [00:00:14.357]In this video we'll be going over how to accept or decline
- [00:00:17.760]any financial aid awards that you have been offered,
- [00:00:21.300]and we'll be doing so through the MyRED portal.
- [00:00:25.170]We'll get started on the MyRED homepage.
- [00:00:28.020]Your page may look a little different than this
- [00:00:30.240]but you'll wanna look for the financial aid tab
- [00:00:32.880]and select the accept slash decline award
- [00:00:35.610]or view financial aid.
- [00:00:37.920]You'll then be brought to this page
- [00:00:39.720]where your offered awards will be shown
- [00:00:41.910]that are not yet accepted.
- [00:00:43.770]There's also a section for your accepted awards,
- [00:00:46.830]other resources, as well as the total awards for the year.
- [00:00:53.790]To accept or decline your awards
- [00:00:55.800]you'll select this blue box here.
- [00:00:59.400]You'll then select the correct aid year.
- [00:01:03.060]And you'll be brought to this page
- [00:01:04.800]with your rights and responsibilities
- [00:01:07.230]as a student that is going to be accepting
- [00:01:09.900]and borrowing federal financial aid or scholarships.
- [00:01:13.800]It's important to read through every section,
- [00:01:16.260]as it pertains to eligibility information,
- [00:01:19.980]and more importantly, satisfactory academic progress,
- [00:01:24.030]which has to do with eligibility for federal financial aid.
- [00:01:27.690]We strongly encourage
- [00:01:28.860]that students read through each section
- [00:01:30.870]and this certification statement before selecting continue.
- [00:01:35.940]Once you select continue,
- [00:01:37.230]this disbursement authorization page will appear,
- [00:01:40.420]asking if you understand that these funds
- [00:01:42.930]are automatically applied to your student account
- [00:01:45.060]to pay for educational expenses.
- [00:01:47.730]Once you hit, I understand, you'll be brought
- [00:01:50.130]to the page with your financial aid awards.
- [00:01:53.100]This message up top shows
- [00:01:54.690]that you cannot accept the Parent Plus loan here,
- [00:01:57.180]but rather parents will have to do a separate application.
- [00:02:00.870]You will have the option
- [00:02:01.860]to either accept the full amount, accept a lower amount,
- [00:02:05.640]or decline.
- [00:02:07.050]Just please note that the amount that is accepted
- [00:02:09.930]will split in half for fall and spring semester.
- [00:02:13.110]So remember that when entering a certain amount
- [00:02:15.840]that you want to accept.
- [00:02:17.460]And if you wish to decline the Parent Plus loan,
- [00:02:19.770]you can do so.
- [00:02:21.390]You'll need to hit submit to make sure
- [00:02:23.670]these award actions go through.
- [00:02:25.920]And once you do a message will appear
- [00:02:28.110]at the top with, the awards have been saved.
- [00:02:31.560]And you can go back to the financial aid menu
- [00:02:34.350]to see in your accepted awards that it went through.
- [00:02:37.920]As you can see, the Parent Plus loan is no longer there
- [00:02:40.440]since it was declined, but it can still be applied for
- [00:02:43.440]through the studentaid.gov website by the parent.
- [00:02:46.980]You are a student that plans to graduate in December
- [00:02:50.340]and you are currently accepting financial aid
- [00:02:53.430]for the upcoming fall semester,
- [00:02:55.740]the process will look a little bit different.
- [00:02:58.710]You will still go in
- [00:02:59.700]and select accept slash decline rewards,
- [00:03:02.640]and then the appropriate academic year.
- [00:03:05.160]You will again be presented
- [00:03:06.900]with the rights and responsibilities page
- [00:03:09.600]which you'll wanna make sure you read through
- [00:03:11.640]as well as the certification statement.
- [00:03:14.550]And once you've read through everything
- [00:03:16.140]you can select continue.
- [00:03:18.000]You will then be asked
- [00:03:19.020]if you will plan to graduate in December.
- [00:03:22.020]If you plan to graduate in December, just please note
- [00:03:25.170]that your financial aid for spring would be canceled.
- [00:03:29.040]If you are uncertain
- [00:03:30.240]of your plans at this time, you may answer no
- [00:03:33.270]and you may update your response at a later time
- [00:03:36.360]by sending an email to financialaid@unl.edu
- [00:03:41.430]updating them of your graduation plans.
- [00:03:44.490]If you answer no and apply for December graduation,
- [00:03:47.310]your spring financial aid will be canceled
- [00:03:50.100]after you apply for graduation.
- [00:03:52.380]So please remember this when selecting which option.
- [00:03:55.800]So if you will be graduating in December,
- [00:03:58.230]you will select yes, and you will go in
- [00:04:01.020]to accept your financial aid as normal.
- [00:04:04.260]For example, if you are accepting the full amount
- [00:04:07.560]and you will only receive the fall portion of it
- [00:04:11.001]and the financial aid office will take care
- [00:04:13.650]of automatically updating your financial aid awards
- [00:04:17.070]to fall only.
- [00:04:18.330]So you would accept it as normal for the entire year.
- [00:04:22.260]And again, select submit
- [00:04:24.750]once you are finished with each action.
- [00:04:27.390]If for any reason your graduation plans change
- [00:04:30.510]and you will no longer be graduating in December,
- [00:04:34.197]please also reach out to our office
- [00:04:36.480]so that we can update the financial aid office.
- [00:04:40.080]Or you can send an email again to financialaid@unl.edu.
- [00:04:45.540]That concludes everything for this video.
- [00:04:47.520]Should you want to look
- [00:04:48.930]into any other resources or Husker Hub Explains videos,
- [00:04:52.770]you can visit our website, huskerhub.unl.edu.
- [00:04:57.060]Under the resources tab
- [00:04:58.620]there are other Husker Hub Explains videos
- [00:05:01.500]and resources on various topics
- [00:05:03.976]that students and parents can explore.
- [00:05:06.900]And of course, if you have any questions
- [00:05:08.700]or need to get in contact with us,
- [00:05:10.170]you can find our contact information here.
- [00:05:12.690]Thank you.
The screen size you are trying to search captions on is too small!
You can always jump over to MediaHub and check it out there.
Log in to post comments
Embed
Copy the following code into your page
HTML
<div style="padding-top: 56.25%; overflow: hidden; position:relative; -webkit-box-flex: 1; flex-grow: 1;">
<iframe
style="bottom: 0; left: 0; position: absolute; right: 0; top: 0; border: 0; height: 100%; width: 100%;"
src="https://mediahub.unl.edu/media/19694?format=iframe&autoplay=0"
title="Video Player: Husker Hub Explains: Accepting & Declining Financial Aid in MyRED"
allowfullscreen
></iframe>
</div>
Comments
0 Comments