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You are here: Home / Aid Notification / How to View Your Award Summary and Estimated Financial Aid Budget / Step-by-Step Instructions: How to View Your Award Summary and Estimated Financial Aid Budget

Step-by-Step Instructions: How to View Your Award Summary and Estimated Financial Aid Budget

Learn about the student financial aid (loans, grants, work-study, and scholarships) for which you qualify.

Overview

Students who submit the Free Application for Federal Student Aid (FAFSA) and meet Federal and Penn State Student Financial Aid Eligibility Requirements will receive financial aid notification from our office, the Office of Student Aid. Your financial aid notification will provide you with instructions on how to access your Award Summary, which will list all of the student financial aid (loans, grants, work-study, and scholarships) for which you qualify, based on your eligibility.

Your award amounts are estimated, subject to change, and non-negotiable.

Federal and state grant award amounts are contingent upon final federal funding and state appropriations.

Future Students (first-year, undergraduate and graduate transfer, and new graduate students)

You will receive a financial aid notification if you have been offered admission to the University and we have received your FAFSA information.

Email notifications will begin in March for students who have submitted their FAFSA by February 15. Be sure to periodically check your spam/junk folder.

If you submitted your FAFSA and do not receive an email by late March, confirm that Penn State's Federal School Code (003329) is listed on your FAFSA.

Scholarships are limited

Penn State scholarships for first-year students are limited and highly competitive. We regret that we are not able to recognize all students who rank at or near the top of their high school class or who have achieved other significant academic honors.

In fact, University scholarships make-up only 9 percent of all financial aid awarded to first-year students.

Educational loans are a primary aid source

Due to limited student aid funding, including University scholarships, Penn State is unable to meet the full demonstrated financial need of most students. Federal Direct Subsidized and/or Federal Direct Unsubsidized Loan(s) are awarded as part of your financial aid package. You can accept, cancel or decrease your loans on LionPATH after June 1 and after you have attended the New Student Orientation. For information on applying for the Parent PLUS loan you can view our tutorial here.  For Graduate PLUS borrowers go here. Before applying compare the Federal Parent PLUS loan to private alternative loans.

Accessing Your Award Summary

If you completed the FAFSA and received an email notification, you can access your Award Summary by following these steps:

  1. Go to LionPATH.
  2. Enter your Penn State User ID (example: "abc1234") and password (use the password you established when you activated your Access Account). If you are having problems logging into LionPATH, please go to the Service Management Portal or call 814-865-HELP (4357) for assistance. Because Helpline hold times are currently long, the Service Management portal can help you more quickly. World Campus students can call 800-252-3592 or 814-865-0047 for assistance.
  3. Select "View Financial Aid" to see your Award Summary (see below).
    View FA screenshot.png
    View your aid (click to enlarge)
  4. Select the aid year you wish to view. For the 2017-18 academic year, select "2018".
  5.  Your estimated financial aid for the year, as well as a breakdown for each semester, will be displayed. Aid includes loans, grants, scholarships and work-study. You will need to accept Federal Work-Study and all loans (except the Parent PLUS Loan). After loans are accepted, funds will be applied to the tuition bill. Federal Work-Study will not be applied to the bill; wages earned are direct-deposited into your account. 
  6. To view your Estimated Financial Aid Budget, click on "Financial Aid Budget" in the middle of this screen. This will display your estimated cost to attend Penn State. This estimate includes tuition, fees, room, meals, books, and other expenses. 
  7. Options are also available to view the shopping sheet, a standardized award letter designed by the federal government, your Satisfactory Academic Progress (SAP) status, and your Financial Aid Award Letter from Penn State.

 

Current Students (returning undergraduate and graduate)

You will receive an email message in your Penn State email account after July 10 (and continuing regularly thereafter) that your financial aid is accessible via the Award Summary in LionPATH. Follow the procedure above to access your financial aid information.

If you submitted your FAFSA and do not receive an email by mid July, confirm that Penn State's Federal School Code (003329) is listed on your FAFSA.

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