Mark Your Calendar! Financial Aid Repayment Information Session
During this economic climate we realize that many students are concerned about their ability to pay back student loans once finished with school. There have been many inquiries concerning repayment options in addition to questions about the Public Service Loan Forgiveness Program. With this in mind, our office will be hosting two sessions called “Picking a Plan”. The speaker is a financial aid expert with over 20-years of experience in the financial aid industry. The sessions are open to all students who have taken out loans; however, we especially encourage you to attend if you are graduating this year.
The sessions will be held as follows:
Tuesday, March 31st: Noon - 2:00 pm, Room 510
Wednesday, April 1st: 3:00 pm - 4:00 pm, Room 590
Due to room booking restrictions Wednesday's session has been slightly condensed. All items will be covered during both sessions but there will be more allotted time for discussion and questions during the Tuesday session. The Office of Financial Aid staff will be available to answer any questions in Room 230 after the sessions are over.
We are planning to provide snacks during the sessions. Since space is limited, it is very important that you RSVP to firstname.lastname@example.org and let us know if you plan to attend. If you have any questions, please contact the Office of Financial Aid at email@example.com or at 312-906-5180
Chicago-Kent and Stuart Scholars
Chicago-Kent Scholarships for all eligible students have been posted to tuition accounts. If you do not see your scholarship posted to your account please contact our Office.
Stuart Graduate School of Business scholarships for all eligible students have been posted to tuition accounts. If you do not see your scholarship posted to your account please contact our Office.
Spring Disbursement Process: Step-by-Step
All loan funds, federal and private, are sent
directly to the school according to the disbursement schedule
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 312-906-5160
Spring 2009 Disbursement Schedule
Disbursement: January 12, 2009
Business Students & MPA Students
Disbursement: January 20, 2009
2009-2010 FAFSA Application Available
The 2009-2010 FAFSA application is available for completion. The priority deadline is March 15th.
Spring Financial Aid Reminder
If you need financial aid for the spring term, and you have not completed your 2008-2009 FAFSA, please complete it as soon as possible. The financial aid process can take 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.
Once you receive your financial aid award and 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 as well.
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.
Attention Fall Graduates: Federal Loan Exit Counseling
Congratulations on your up coming graduation! Federal regulations require that all students who have borrowed Federal Stafford Loans while attending the IIT Downtown Campus complete federal loan exit counseling. Please follow the link and complete the online Federal Loan Entrance Counseling Session.
If you would like to see the aggregate loan totals, lender contact info, and interest rate information please follow the link and login to the National Student Loan Database System. All you need to log in is your FAFSA pin number.
Using the myIIT Portal to view your Award
For Information and instruction about logging into the myIIT portal to view your 2008-2009 financial aid award please click here.
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
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
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.
- 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