Accept/Decline Your Financial Aid

How to Accept/Decline Your Financial Aid

There is no need to accept institutional aid (scholarship) or federal grants. You do need to accept your Federal Direct Student Loans and Federal Work Study Award. If you wish to decline or accept your Federal Direct Student Loans or Federal Work Study, please review the steps one below:

1. To decline or reduce your loan,

Go to www.njcu.edu and click on the GothicNet menu choice at the top of the page.
Sign in to GothicNet.
Look under My Menu and click on Students, then click on Student Center.
Look under Finances, click on Accept/Decline Awards and select the Aid Year.
On the Award Package page, check off the boxes next to loans you wish to accept.
To Decline a loan, use the Decline column for the loan(s) you wish to decline.
To reduce an award, change the amount in the "Accepted" column to the amount you wish to receive. Note: This amount will be divided equally between the fall and spring semesters.
Then, click Submit. Then you must click YES to submit the request in order to complete the transaction.
You should receive a Student Confirmation page which verifies that your submission was successful.

2. To complete the Direct Loan Master Promissory Note (required for accepting loans),

Go to https://studentaid.gov/ - Complete Aid Process
Click on “Subsidized/Unsubsidized"
Sign in, using your FSA ID,
Complete the Master Promissory Note.

3. To complete the Entrance Counseling (required for accepting loans),

Go to https://studentaid.gov/ - Complete Aid Process
Click on Entrance Counseling
Sign in, using your FSA ID

If you have any questions regarding this notice please call our office at 201-200-3173.