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Office of Financial Aid

Office of Financial Aid home page
Week of August 20, 2007

Perkins Loan Promissory Notes

Students awarded the Perkins Loan must see the Bursar in room 290 to sign the Perkins Loan Promissory Note once contacted by the Student Loan Office. No funds will be applied without this important document on file.

Fall 2007 Disbursement Schedule

Law Students

Disbursement: August 17, 2007

Business Students

Disbursement: August 27, 2007

MPA Students

Disbursement: August 23, 2007

Fall Loan Disbursement Process: Step-by-Step

All loan funds, federal, Graduate PLUS and private, are sent directly to the school according to the disbursement schedule listed below.

1. When we receive the funds, we must verify that you are eligible to receive the funds. This process takes 1-3 business days. When the funds are released

2. The funds are then credited to your tuition account. You will receive an email from the Bursar's Office informing you that billing activity has occurred.

3. If a credit balance exists after the funds have been credited, the Bursar's Office generates a refund check for you. This process takes 5-7 business days.

4. The Bursar's Office will then notify you when the check is ready to be picked up.

If you have any questions regarding the financial aid funds that have been credited to your account, please contact the Office of Financial Aid.

If you have any questions regarding the status of your refund check or charges on your account, please contact the Bursar's Office at 312-906-516

Update: Kent Scholarship Status for Continuing Students

Kent Scholarships for the 2007-2008 academic year have been posted to all the accounts of all eligible students. Please check your web for student account to find out the amount that you were awarded. If there seems to be a problem with your scholarship award please contact the Office of Admissions.

2007-2008 FAFSA

In order to qualify for federal financial aid for 2007-2008, you must complete a Free Application for Federal Student Aid (FAFSA) or Renewal FAFSA for 2007-2008. In order to complete the 2007-2008 FAFSA you will need to provide 2006 income and tax information, so we recommend that you complete your 2006 tax returns before filing your FAFSA.

You can complete your FAFSA or Renewal FAFSA online at http://www.fafsa.ed.gov/. You must include IIT's Downtown Campus school code on your application. The code is E00773. The code will listed as Chicago Kent.

REFUND CHECKS

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.

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: http://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.

Office Hours - 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

 

 


 

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