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Office of Financial Aid

Office of Financial Aid home page
Week of June 30, 2008

Summer Financial Aid Deadline

Below is a list of deadlines for processing summer financial aid. Please use you Web for students account to accept your summer aid and complete any corresponding promissory notes by the following dates:

  • Law Students- July 11, 2008
  • MBA Students-July, 18, 2008
  • MPA Students- July 18, 2008

Fall Financial Aid Reminder

If you need financial aid for the fall term, and you have not completed your 2008-2009 FAFSA, please complete it as soon as possible. The fall term is approaching fast and the financial aid process can 4-6 weeks from start to finish. The process can take even longer if there are complications or if Department of Education selects your file for some form of verification.

If you want to receive financial aid for the 2008-2009 academic year you must use your myIIT account to accept your loans. Please be aware that if you do not accept your loans our office will not process your loans which can delay the receipt of your refund check this fall.

If you received a Federal Stafford or Graduate Plus loan last year and you do not want to change lenders you do not need to complete a new master promissory note. Once you accept your loans for 2008-2009 our office will process your aid using the promissory note on file from last year.

Summer Office Hours

Monday-Thursday ~ 8:30 a.m. to 6:00 p.m.

Friday ~ 8:30 a.m. to 2:00 p.m

Kent Scholarship Status for Continuing Students

If you received a Chicago-Kent scholarship during the 2007-2008 academic year and you expect to receive one again in 2008-2009, please be aware that scholarships for continuing students will not be included in financial aid awards until August. In July the Office of Admissions reviews grades and class ranks from the Spring 2008 term and determines which students are eligible for scholarship renewal. You will receive a revised award letter in August if your scholarship is renewed.

Graduating Students- Exit Counseling Requirement

All graduating students who borrowed Federal loans must complete online Exit Counseling for in order to comply with the terms of their loan(s).

Please follow the link below to complete your online Federal Stafford Loan Exit counseling requirement. Once you have completed your exit counseling you may come to our office to pick up your loan portfolio. Your loan portfolio lists all of the loans that you have receive while attending Chicago Kent. Your loan portfolio will be available for pick up at the Office of Financial Aid until the last day of finals. After May 16th they will be mailed to your home. If after completing your Exit counseling you have question about loan repayment please stop by the Office of Financial Aid at your earliest convenience.

Please keep in mind that the Perkins Loan Exit Counseling is separate from the Stafford Loan Exit counseling and is administered by the main campus Student Loa office. If you received a Perkins loan while attending Chicago Kent the Student Loan office will be contacting you to fill this requirement.

Click here to complete Exit Counseling.

Using the myIIT Portal to view your Award

For Information and instruction about logginf into the myIIT oirtal to view your 2008-2009 financial aid award please click here.

Graduate PLUS Loan Repayment Answers

Question from Student:

If I do not attend class during the summer term will I have to make payments during the summer?

Answer:

The lenders on the Office of Financial Aidís preferred lender list are automatically granting our students in-school deferment status over the summer term. In order to be sure that your loan is placed into in-school deferment status during the summer it is advised that you contact your lender to verify before the end of the spring term.

Please keep in mind that these terms are specifically for the lenders on our preferred lenders list. If you did not choose one of the lenders on our preferred lender list, please contact you lender as soon as possible to find out if they offer an in-school deferment option for the summer term.

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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