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Office of Financial Aid

Office of Financial Aid home page
Week of December 21th, 2009

Spring Disbursement Process: Step-by-Step

All loan funds, federal 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 312-906-5160

Spring 2010 Disbursement Schedule

Chicago-Kent Students

Disbursement: January 11, 2010

Stuart School Students

Disbursement: January 19, 2010

2010-2011 FAFSA Application Available

The 2010-2011 FAFSA application is available for completion. The priority deadline is March 15th.

Bank of America No Longer Offering Student Loans

Bank of America is longer originating federal student loans as of December18th, 2009. They are no longer accepting loan applications. Fortunately, there will be no disruption of spring loan disbursements for students whose federal student loans have already been processed. However, for the remainder of the academic year (spring and summer terms) if you need to increase an existing Bank of America federal student loan you will have to complete a master promissory note with a new lender.  

US Bank No Longer Offering Bar Loan

The Office of Financial Aid  recently received notification that US Bank is no longer offering  Bar Study Loans to students effective December 18th, 2009.

Using the myIIT Portal to view your Award

For information and instructions about logging into the myIIT portal to view your 2008-2009 financial aid award please click here.

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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