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Office of Financial Aid

Office of Financial Aid home page

Week of August 1st & August 8th, 2011

Don't Forget to Accept Your Awards

If you still have not accepted or declined your loans, please do so as soon as possible.  You must use your myIIT account to accept/decline your loans. If you do not accept your loans, we cannot process them. That is why we urge you to accept them now to avoid delays with disbursement. If you do not wish to 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:

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 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.

Continuing Students Scholarships Included in Financial Aid Awards

All scholarships for continuing students for the 2011-2012 academic year are now included in financial aid awards and can be viewed on the myIIT portal. You will receive a revised award letter if your scholarship is renewed. For questions about your scholarship eligibility, please contact the Office of Admissions.

Missing Required Documentation

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:
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

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 check your Kent email (or your IIT e-mail address on the welcome screen of your myIIT portal, as communications could be sent there), for information from the IIT Perkins Loan servicer, ESCI, on completing the Promissory Note and Entrance Counseling. This maybe marked as spam in your mailbox, but it is not. 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 untill you receive 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 and state IIT Downtown Campus as your school.

Still haven't received your 2011-2012 Financial Aid Award?

Has it been 3 weeks since you completed your FAFSA and have not received a financial aid award for the 2011-2012 academic year? If so, follow these instructions to make sure your FAFSA information is sent to the DTC Office of Financial Aid.

  1. Go to and view your Student Aid Report (SAR).Make sure the Downtown Campus school code is listed on your FAFSA. The IIT school code is E00773 (Listed as Chicago Kent, but this is the correct school code both Kent and Stuart Graduate School of Business.) Once you update the school code to the correct school code it will take 1 to 2 weeks to receive a Financial Aid award notification.

  2. If you have the correct school code listed on your FAFSA, check your SAR comments. Your SAR comments will let you know if the data that you entered on your FAFSA has caused an error that prevents your FAFSA information from being transmitted to the school. If there is a problem with the data that you entered on your FAFSA, please update the data elements requested. Once you update the information it will take 1 to 2 weeks to receive a Financial Aid award notification.

  3. If your comment codes are showing no problems and you have E00773 listed as your school code please contact the Office of Financial Aid so that we can find out why you have not received an award.

December 2011 Graduates: Please Notify Our Office Of Your Enrollment Intentions

If you are planning to graduate in the December 2011 semester, please notify our office as soon as possible of your enrollment intentions and credit hours, if you have not done so already. Your award will need to be revised for the fall semester only. Please send us an email at

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: 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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