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Office of Financial Aid

October 12, 2020

2021-2022 FAFSA Available October 1, 2020

Fall 2021, Spring 2022, and Summer 2022

In order to qualify for financial aid each upcoming academic year you must complete a Free Application for Federal Student Aid (FAFSA) each calendar year. The FAFSA is available to complete after October 1st of each year.

You can complete your FAFSA online at https://www.fafsa.ed.gov. In order to apply you will need your FSA ID. Please remember to include our school code, E00773, when completing your FAFSA and keep in mind that the school name will be listed as Chicago-Kent College of Law. 

The Department of Education has created a series of YouTube videos called FAFSA: Apply for Aid for an easy to understand step-by-step guide to the FAFSA process. The links to each video are below:

2020-2021 FAFSA Still Available

Fall 2020, Spring 2021, and Summer 2021

You may still complete your 2020-2021 FAFSA online at https://www.fafsa.ed.gov. Please review the information provided in the paragraph above under the 2021-2022 FAFSA Available October 1, 2020 headline.

Securing Your Sensitive Documents

Encrypting or password protecting your files is a method of securing your information to ensure that only individuals with authorization are able to view and/or edit files.  The Office of Financial Aid at Chicago-Kent now requires students to password protect any document emailed to our office that contains sensitive information.  Examples of sensitive material may include a social security number, income tax information, or personal information found in a formal appeal.  Please visit the Financial Aid Website for instructions on how to secure Word documents in Microsoft Word and PDF files in Adobe Acrobat.

Changes to Origination Fees

Origination Fees on federal student loans will be changing as of October 1, 2020. We are required to reprocess any loans that have not disbursed by September 30, 2020.  Therefore, your federal student loan must be disbursed by September 30th, 2020, or the Office of Financial Aid will have to cancel your current student loan.  If your federal student loan is canceled, we will re-offer a new loan in the same amount after October 1st in order to receive the new Origination Fee rate for this loan.  If your federal student loan is not disbursed by September 30th, it doesn’t mean that you will not receive the loan, it only means that a new loan will have to be processed after October 1st due to the Origination Fee change.

If you are no longer interested in receiving your pending federal student loan, please visit the myIIT portal to decline this loan.

If you are still interested in receiving your pending federal student loan, please visit the myIIT portal after October 2, 2020 to accept your new loan offer.

2020-2021 Financial Aid Awarding

Students will receive an award notification email for the 2020-2021 academic year if the 2020-2021 FAFSA has been received. It can take up to 2-3 weeks for your FAFSA to be processed by our office.

If you have been offered federal financial aid for the 2020-2021 academic year, you must accept the award(s) via your myIIT portal in order to receive your funds. You may accept all or a portion of the award(s) offered. If you do not wish to receive any of the offered awards, please decline the loan(s) via the myIIT portal.

MPN and Entrance Requirements - First-time borrowers must complete an online loan agreement known as a Master Promissory Note (MPN) with Federal Student Aid at studentloans.gov. The MPN should be completed for each corresponding loan that you accept for the first time on your myIIT portal.  In addition, first-time borrowers of federal student loans at Chicago-Kent College of Law are required to complete Loan Entrance Counseling online with Federal Student Aid at studentloans.gov. This is a one-time requirement for Chicago-Kent borrowers of federal financial aid.

Missing Requirements - You must have all missing requirements completed in order to receive your federal financial aid disbursements.

Disbursements and Refunds – Your funds will be disbursed to your student account as long as your financial aid file is complete and there are no outstanding requirements needed in order to process your federal student loans. The total amounts that you have accepted for the 2020-2021 academic year will be disbursed equally (in half) among the Fall and Spring semesters.  Once all financial aid awards have been applied to your student account, your tuition and fees will be deducted and if you have a credit balance, the Student Accounting Office will process a refund for you.  Please allow approximately 10 business days for your refund to be processed by Student Accounting.

Fees - Chicago-Kent College of Law has determined that certain mandatory fees will no longer be required of JD students for the Fall 2020 semester.  As a result, the Office of Financial Aid will no longer include these fees as a budget component in your academic year Cost of Attendance. Students enrolled in the day program at Chicago-Kent will not be charged the Activity Fee ($75) and U-Pass Fee ($145) for the Fall semester. Therefore, the total annual amount of these fees ($440) have been removed as a budget component from your total Cost of Attendance for the Fall and Spring semesters.  Students enrolled in the evening program at Chicago-Kent will not be charged the Activity Fee ($75) for the Fall semester. Therefore, the total annual amount of the Activity Fee ($150) has been removed as a budget component from your total Cost of Attendance for the Fall and Spring semesters.

Note to 3L’s:  Financial Aid Eligibility for Credits Earned

As a friendly reminder, students are eligible for federal financial aid for credit hours earned in classes that are applicable to their degree.  Students are not eligible for federal financial aid for earned credits exceeding the 87 selected as part of the JD program.

Financial Aid Contact Information

Please visit our website Office of Financial Aid Home Page for detailed information regarding the financial aid process. If you have questions, or you would like to make an appointment with a Financial Aid Counselor, feel free to contact our office at any time during the office hours listed below.

Office Hours - Suite #230

Monday-Friday 8:30am-5pm

Phone: (312) 906-5180 - Fax: (312) 906-5274

Email: finaid@kentlaw.iit.edu

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