Guide to Your Financial Aid Offer

Guide to Your Financial Aid Offer

Students walking onto Memorial Field after graduation

Review and Secure Your Financial Aid

Admitted Huskers who filed the Free Application for Federal Student Aid (FAFSA) Form receive financial aid offers in the "Financial Aid" tab in MyRED, Nebraska's online student portal.

Follow our guide on this page or watch the Interpreting Your Financial Aid Webinar recording to evaluate your offer and complete the financial aid process.

Financial Aid Checklist

Review Your Offer and College Costs

Carefully read your financial aid offer. Consider what your net cost after financial aid—scholarships, grants, student loans and other aid—may be.

When looking at student loans, consider the low interest federal resources first and only what you need to borrow.

Accept Your Aid Offer

Once you have paid or deferred your enrollment deposit, visit the "Financial Aid" tab in MyRED and use the "Accept/Decline Awards" option to respond to each award offer.

Accept any gift aid (scholarships or grants) you've been offered—it's financial aid you don't have to pay back. Be sure to read your Rights and Responsibilities as listed on the first page of your offer in MyRED.

If you choose to borrow money in the form of student loans, you must accept them in MyRED. You cannot accept the Parent PLUS Loan in MyRED. Your parent(s) or guardian(s) may apply for a Parent PLUS Loan and the Parent PLUS Loan MPN at studentaid.gov once available in May or July.

Submit Your Enrollment Deposit to Secure Your Financial Aid

If you have not already done so, submit your Enrollment Deposit by May 15 to secure your financial aid and your spot as a Husker.

Complete Your Financial Aid File

Review your to-do list in MyRED to ensure all items are complete. Check your email frequently for important updates and additional to-do items—we will communicate about your financial aid via email.

If you accept student loans, you must visit studentaid.gov to complete the Direct Loan Master Promissory Note (MPN), Loan Entrance Counseling, and Annual Student Loan Acknowledgement to ensure your understanding of your obligation to repay the loan and the amount you are eligible to borrow. We anticipate these will become available in May or July.

Three female students standing outside talking to one another

How to Read Your Award Offer

View a sample comprehensive Financial Aid Offer and an explanation of how to interpret it.

Note: The University of Nebraska–Lincoln is committed to using the Principles and Standards of the College Cost Transparency Initiative in its student financial aid offer.

1. Estimated Direct Cost After Gift Aid and Student Loans (If accepted)

Cropped example of Estimated Direct Cost After Gift Aid and Student Loans section
Example of Estimated Direct Cost After Gift Aid and Student Loans section

This is an estimate of how much you might owe to attend Nebraska if you accept all gift aid and student loans (remember, loans must be repaid). Listed below this section on your award offer are additional options for you to cover your remaining expenses. Review them carefully and contact us with any questions.

2. Estimated Direct and Indirect Costs Related to Attendance

Cropped example of Estimated Direct and Indirect Costs Related to Attendance section
Example of Estimated Direct and Indirect Costs Related to Attendance section

Your direct cost of attendance is an estimate of the standard cost for a student to attend Nebraska. This estimate includes 15 credits per term at the base tuition rate with estimated fees. If you live on campus, housing and meals will be directly billed to you from the university. Your actual cost of attendance may be different, depending on the number of credit hours for which you register, your specific courses and where you choose to live. You must be enrolled in at least 12 credit hours to qualify for most scholarships and financial aid.

Beyond paying for classes and housing, we also estimate other indirect costs related to college attendance you will likely experience. These costs are not billed by the university, but include expenses for personal items, transportation, and books and supplies. As these costs are estimates, we strongly encourage you to plan your own specific budget.

3. Scholarships & Grants (If offered)

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Example of Scholarships & Grants section

Grants and scholarships are considered "gift aid" and do not need to be repaid, though most scholarships have specific eligibility requirements—like academic achievement, financial need or special characteristics.

Many scholarships are eligible to be renewed each year of college, but you must meet specific requirements—like filing the FAFSA Form each year, maintaining a certain GPA or taking specific classes. Make sure you understand what awards you've received and how to renew them.

View Scholarship Guidelines.

4. Student Loan Options (If offered)

Cropped example Student Loan Options section
Example of Student Loan Options section

Educational loans are a useful tool to pay for college, but we encourage you to borrow only enough to cover your necessary education-related expenses.

Loans from federal and private resources must be repaid with interest, even if you do not graduate. Interest rates are market-based and will be determined each year by June 30.

View Current Interest Rates.

View Loan Details.

We encourage you to only borrow what you can reasonably afford to repay each month based on your expected income after graduation. Find income estimates for possible careers in your field in the Occupational Outlook Handbook.

Because Nebraska offers the lowest tuition in the Big Ten and strong financial aid packages, our students who take out loans typically borrow about $8,000 less than the national average. *

*The national average federal student loan debt per borrower is $28,950; Source: Forbes, 2023.

Nebraska's federal loan debt is typically $21,000; Source: U.S. Department of Education, 2023.

5. Additional Aid Options (If offered)

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Example of Additional Aid Options section

Federal Work-Study

The Federal Work-Study program provides part-time jobs for students who demonstrate financial need and who desire to earn a part of their educational expenses. Jobs average 10-20 hours per week and may be on- or off-campus. Work-study will be listed as an option on your award offer, if eligible.

Students can search for work-study positions in Handshake, the university's online job search platform.

Parent Loans

The Federal Direct PLUS Loan Program assists eligible parents of dependent students in meeting educational expenses and allows parents to borrow up to the cost of attendance minus other resources. The U.S. Department of Education is the lender that delivers the loan money to you through the university. An alternative option could be applying for a private/alternative loan with a co-signer.

External Scholarships

We encourage you to regularly check for new external scholarships opportunities to help pay for your education.

Husker Payment Plan

Nebraska partners with Nelnet Business Solutions to allow students to pay their charges in monthly installments, rather than all at once.

College Cost Transparency Initiative Partner
Page one of a sample financial aid offer letter.
Page two of a sample financial aid offer letter.

Could My Aid Change?

Aid eligibility is not necessarily fixed. The following situations may alter your financial aid. Contact Husker Hub if you have any questions.

Additional Financial Assistance

Additional aid you receive for your education, such as other institutional and private scholarships, tuition waivers, Vocational Rehabilitation, etc., must be reported to our office. You may report any additional aid you will receive in MyRED.

Special Circumstances

Let Husker Hub know if you experience a sudden change in income or expenses. We may be able to reassess your family's aid eligibility in the event of a special and unusual circumstance, such as loss of income, divorce, death in the family, layoff, etc.

Husker Hub

Student Services Center

Husker Hub is Nebraska's "one stop" for you to get assistance with the FAFSA Form, scholarships, grants, loans and more. Our Husker Hub full-time student services specialists are available remotely Monday-Friday through a Virtual Queue to help answer all of your questions about paying for college.