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Office of Financial Aid

Office of Financial Aid home page

Week of July 18th & 25th, 2011

URGENT: Deadline To Accept 2011 Summer Loan-Monday July 18th

If you still have loans offered to you for the summer term and intend to accept the funds, you must accept the loan amount(s) that you wish to receive by Monday July 18th. If you do not wish to receive any of the funds you may decline the loan(s) using the myIIT portal.

Please select one of the options below on the myIIT portal at: https://my.iit.edu/cp/home/displaylogin.

Accept: If you wish to receive any portion of the loans still listed as offered you must accept the funds. Also, please be aware that you may be required to complete a Promissory Note and Loan Entrance Counseling with Direct Loans at www.studentloans.gov before the funds can be disbursed. Please refer to your 'Requirements' section on the myIIT portal.

Decline: If you do not wish to receive any of the funds still listed as offered please decline the loan(s) using your myIIT portal at the following link: https://my.iit.edu/cp/home/displaylogin.

Continuing Students Scholarships for 2011-2012

If you received a Chicago-Kent scholarship during the 2010-2011 academic year and you expect to receive one again in 2011-2012, please be aware that merit based scholarships for continuing students will not be included in financial aid awards until late July. The Office of Admissions reviews grades and class ranks from the Spring term and determines which students are eligible for scholarship renewal. You will receive a revised award letter in August if your scholarship is renewed. All guaranteed scholarships should currently appear on your 2011-2012 award. For questions about your scholarship eligibility, please contact the Office of Admissions.

Missing Required Information for 2011-2012

To avoid delays, please submit any requested documentation as soon as possible.
Please follow the steps below to see if you still have missing requirements:

1. Log into the Illinois Institute of Technology's myIIT portal at the following link: https://my.iit.edu/.
2. Select the 'Finances' tab from the menu.
3. Required documents are listed in the Financial Aid Requirements channel.

You may download some of the required forms and links to promissory notes at our website at http://www.kentlaw.edu/depts/finaid/DLforms.html.

Once you complete your Master Promissory Notes and Entrance Counseling via the Department of Education's website, it may take up 2 weeks for your required document status on the myIIT portal to reflect this. If it has been over 2 weeks since your completion of a Promissory Note or Entrance Counseling and your documents status on myIIT is still showing not received, please contact our office.

If you have been awarded a Federal Perkins Loan, please be aware that the 2011-2012 Perkins Paper Promissory Note will not be available until mid-August 2011. IIT's Loan Servicer, ECSI, will contact you with instructions on how to complete this form. You will not be able to complete it online if ECSI does not have your information on file, that is why we ask that you wait till you recieve an email notification. However, if mid-August has past and you have not completed this requirement, please contact ECSI directly at 1-888-549-3274.

Preferred Deadline To Accept Financial Aid 2011-2012

If you still have loans offered to you for the 2011-2012 and intend to accept the funds, please accept the funds now to avoid delays with disbursement from Direct Loans. If you do not wish to receive any of the funds you may decline the loan(s) using the myIIT portal.

Please select one of the options below on the myIIT portal at: https://my.iit.edu/cp/home/displaylogin.

Accept: If you wish to receive any portion of the loans still listed as offered you must accept the funds. Also, please be aware that you may be required to complete a Promissory Note and Loan Entrance Counseling with Direct Loans at www.studentloans.gov before the funds can be disbursed. Please refer to your 'Requirements' section on the myIIT portal.

Decline: If you do not wish to receive any of the funds still listed as offered please decline the loan(s) using your myIIT portal at the following link: https://my.iit.edu/cp/home/displaylogin.

Summer Federal Work Study

There are no Federal Work Study funds available for employment between the last day of the spring 2011 semester through June 30th. You can begin to use your summer work study funds starting July 1, 2011. Please keep in mind that the summer Federal Work Study funds are a part of your 2011-2012 financial aid award.

 If you do not wish to do Federal Work Study this summer, please use the myIIT portal to decline it on your summer financial aid award. Also, if you need to borrow additional funds for the summer and are declining Federal Work Study, you may increase your loan up to the same amount. You may email your request to our office. 

Bar Study Loan Information

Bar Examination loans are intended to assist students in paying for bar preparation courses and meeting other financial needs while studying for the Bar Exam.

Students may submit the application for the Bar Exam Loan funds during their last year before graduation. The terms, conditions and credit criteria for Bar Examination Loans are similar to those for alternative loan programs. Unfortunately, students with negative credit ratings are generally not eligible for Bar Exam loans.

To apply for a Bar Examination Loan, review the Bar Loan Comparison Chart, select one of the lenders, and complete their on-line application.

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, Wednesday, Thursday ~ 8:30 a.m. to 6:00 p.m.

Tuesday ~ 8:30 a.m. to 7:00 p.m.

Friday ~ 8:30 a.m. to 4:30 p.m

Phone: (312) 906-5180 - Fax: (312) 906-5274


 

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