Attention December 2005 Graduates!
Federal Loan Exit Counseling
Students who borrowed Federal Stafford Loans
while enrolled at the IIT-Downtown Campus are required by
federal regulations to complete loan exit counseling. The
Office of Financial Aid will be hosting the following group
session for students who are graduating in December 2005:
Tuesday, November 22nd in Room 370
Noon to 1:30pm (Lunch will be served)
Please RSVP to firstname.lastname@example.org.
New Stafford Loan Rates
The new Federal Stafford Loan rates for the
period from July 1, 2005 to June 30, 2006 have been set.
The rates are as follows:
4.70% during in-school, grace, or deferment
5.30% during repayment
Free Credit Report
Did you know that you are now able to receive
a free credit report once every 12 months? We encourage
students to review their credit reports annually to check
for inaccuracies and identify any suspicious activity.
To receive your free credit report, please
visit the following link: www.annualcreditreport.com.
This central site allows you to request a free credit
file disclosure, commonly called a credit report, once
every 12 months from each of the nationwide consumer credit
reporting companies: Equifax, Experian and TransUnion.
Please be aware that other sites may advertise
free credit reports, but this is the only site that is
sponsored by the federal government and the three nationwide
credit reporting agencies. Other sites may charge fees.
In order to qualify for federal financial
aid for 2005-2006, you must complete a Free Application
for Federal Student Aid (FAFSA) or Renewal FAFSA for 2005-2006.
In order to complete the 2005-2006 FAFSA you will need
to provide 2004 income and tax information, so we recommend
that you complete your 2004 tax returns before filing
You can complete your FAFSA or Renewal FAFSA
online at www.fafsa.ed.gov
Refund checks are generated by the Bursar's Office
and are available to be picked up at their office
(Room 290) approximately 5-7 business days after a
credit has resulted in a student's account.
The Bursar's Office will send the student an email
when a refund check is available.
- Suite #230
Monday-Thursday ~ 8:30 a.m. to 6:00 p.m.
Friday ~ 8:30 a.m. to 4:30 p.m
Phone: (312) 906-5180 -
Fax: (312) 906-5274