AWARD MEMORANDUM - STEPS

Steps to receive your financial aid..

• Please indicate your award acceptance from the RU portal.  Follow instructions to accept or decline the award offer.
   

• First-time Stafford Loan borrowers at RU must select a lender for their Stafford Loan.  You may do this on-line by following the instructions provided as you accept your awards on-line.  You will also need to follow instructions on-line to sign your Stafford Master Promissory Note and complete the Entrance Interview on-line.  If additional information is needed regarding your loan, you will be contacted at your RU e-mail account.  The university will provide a deferment of the amount of the Stafford Loan award until funds are received, providing you have completed all requirements to obtain the Stafford Loan.
   

• Returning Stafford Loan Borrowers at RU need only to accept their Stafford Loan on-line.  The loan will be processed after completion of verification with the lender from which you borrowed last year, unless you submit a new MPN with a new lender.  If the lender that you have borrowed from previously is no longer offering Federal Stafford Loans or if your lender requires a new Master Promissory Note, we will notify you by email at your RU email account.
   

• Stafford Loan recipients should complete the RU Direct Deposit Form that can be found at:  http://stuacct.asp.radford.edu   to set up direct deposit for loan proceeds that exceed student account charges. 
   

• Notify the RU Financial Aid Office of any awards that you will be receiving that are not listed in your award information. You may do this on-line as you complete your award acceptance or you may send us an email  listing all awards that you will be receiving at finaid@radford.edu .  Please remember to include your RU Student ID number.  Awards include scholarships, loans, grants, stipends, assistantships, and any other award that is not listed in your award information.  Also, read Scholarships in Section V of this Award Memorandum. 
   

• You will have thirty days to complete your on-line award letter (Master Promissory Note and Entrance Interview, if applicable).  After thirty days, the awards will be cancelled.  After cancellation of the awards, if you wish to request to be reconsidered for financial aid, you will need to send us an email at finaid@radford.edu and be sure to include your RU ID number.
   

• The financial aid offered to you is subject to change due to verification, your receipt of outside financial aid, enrollment changes, etc.  You will be notified by email at your RU email account of any additional documents needed to complete your application and of any changes made to your awards.  You should monitor the status of your financial aid on-line using the RU Portal and clicking on financial aid information.  You will have thirty days to respond to the email (or the last day of classes, whichever is sooner) before inactivation of your application and/ or cancellation of awards.
   

• Students whose financial aid exceeds university charges should complete a Bookstore Voucher in July for Fall semester and November for Spring semester.  This allows students to set up a bookstore charge account in RU’s Bookstore.  The voucher can be found at the end of the brochure that accompanies the billing statement.  Students may also complete the Bookstore Voucher on-line at http://stuacct.asp.radford.edu.
   

• Enroll full-time unless you have notified the RU Financial Aid Office of part-time enrollment.  If you decide to enroll part-time, notify the RU Financial Aid Office in writing.  This can be done by mailing, e-mailing or faxing a note to the RU Financial Aid Office, or you can print the “Adjustment for Hours” form from our web site: http://www.radford.edu/~finaid/forms.html . See Section VI in this Memorandum.
   

• If you decide not to attend Radford University, please notify us as soon as possible.  Failure to withdraw from classes for which you have registered may result in unwanted grades or future financial aid ineligibility.
   

• Review the RU Financial Aid Standards of Progress and follow the policy to maintain eligibility for financial aid.  Click here for information.
   

• Visit the RU Financial Aid Office website for important information or questions about financial aid (http://www.radford.edu/~finaid).
   

• Use the RU Student Information System –https://www.portal.radford.edu  to check on the status of your awards.