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Upon clicking on the 'Change My Borrowing Amount' links from one of the accessible areas listed above, the system displays the 'Change My Borrowing Amount' window. A message displays at the top of the window encouraging a student to review their eligibility prior to making changes to their borrowing amounts. The message displays dynamically in the order and conditions listed below:
| # | Condition | Message Displayed |
|---|---|---|
| 1. | If one or both of the Borrowing Plan options have Remaining Eligibility Available amount greater than $0. | If you would like to increase your borrowing amount listed, please review your eligibility below and enter the amount by which you would like to increase it up to the Remaining Eligibility Available. |
| 2. | If both of the Borrowing Plan options have Remaining Eligibility Available amounts less than or equal to $0. | You do not have any remaining eligibility to increase your current borrowing amount. |
| 3. | If the Total Current Loan accepted amount has |
| not been fully disbursed. | If you would like to reduce your Current Borrowing amount listed, please review your Current Borrowing below and enter the amount by which you would like to reduce it up to the total amount that has not yet been disbursed (Accepted amount minus the Disbursed amount). | |
4. | If the Total Current Loan accepted amount is fully disbursed. | Your loans have been fully disbursed and you are no longer able to reduce the borrowing amount for your current loans. |
The selected Academic Year's loan amounts and borrowing eligibility for each Borrowing Plan option display to allow students to easily review current borrowing amounts and make an informed decision.
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When the student selects the Accept button, the accepted amounts determined above are updated in Regent Award. If a change to the packaging philosophy was required, the packaging philosophy is also updated. The Reject button provides the ability for the student to reject the requested changes. If the student selects the Reject button, the student is returned to the component (e.g. Dashboard) from which the link was accessed.
NoteNotes:
- If a change to the Packaging Philosophy is made, the Changes History log is also updated on the Regent Plan Landing page
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- . See Regent Plan Landing Page.
- For awards created in an initial award status of Accepted (passive acceptance)
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- , the Fund Setup configuration must be 'Yes' for Allow Students to Accept Lower Amounts or Decline Awards from the Student Portal. See Fund Setup Data Elements.
