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Office of Financial Aid

Office of Financial Aid home page

Week of January 30, 2012

Urgent: Please Complete Student Budget Survey Due February 1st.

In effort to provide you with the most accurate living expense budget, the Office of Financial Aid is in the process of reviewing the total average Cost of Attendance for the 2012-2013 academic year. Our goal is to provide a comfortable yet appropriate Cost of Attendance that is based on a student's tuition and fees, room and board, books, transportation and miscellaneous expenses.   Therefore, we are asking for your input. The survey data that you provide will support our data gathering efforts and ensure that the living costs used in the Cost of Attendance budget best represent your real expenses. Please complete the survey using the link below by February 1, 2012.  Thank you in advance for your assistance. 

https://applications.kentlaw.edu/finaid/finaid.asp

 Spring Semester Scholarship Status

Chicago Kent Full Tuition Scholars and Honors Scholars

Please be aware that full tuition and Honors scholarships for continuing students are initially based on your fall enrollment as of January 13th. All full tuition and honors scholarship awards for continuing students will be adjusted to actual enrollment after the last day to add and drop classes.

Kent Scholarships Awarded for Continuing Students

Kent Scholarships for the spring 2012 semester have been posted to the accounts of all eligible students. If you have question about your scholarship eligibility or if there seems to be a problem with your scholarship award amount please contact the Office of Admissions at 312-906-5020.
Generally, in order to be eligible for your scholarship you must be enrolled in at least 12 credits. In some cases, the Office of Admissions allows graduating students to receive their scholarship when taking less than 12 credits. Please contact the Office of Admissions for further confirmation.

Stuart Flat Rate Scholarships

Flat Rate Stuart scholarships have been posted to all eligible students accounts. If you have questions about your scholarship eligibility please contact the Office of Admissions.

Stuart Percentage Scholarships

Percentage scholarships will be posted for all students after the drop-add date. If you have questions about your scholarship eligibility please contact the Office of Admissions

Spring 2012 Disbursement Schedule

All loan funds, federal and private, are sent directly to the school according to the disbursement schedule listed below.

Chicago-Kent Students

Disbursement: January 9, 2012

Stuart School Students

Disbursement: January 9, 2012

Spring Disbursement Process: Step-by-Step

1.       We must verify that you are eligible to receive the funds. This process can take 1-3 business days. When the funds are released 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.
2.       If a credit balance exists after the funds have been credited, the Bursar's Office generates a refund direct deposit or check for you. Please contact the Bursars for detail instructions on how to sign up for direct deposit.
3.       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.
If you have any questions regarding the financial aid funds that have been credited to your account, please contact the Office of Financial Aid.

Attention Fall Graduates: Federal Loan Exit Counseling

Congratulations on your recent 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 Exit 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.

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: 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 on our website at: http://www.kentlaw.edu/depts/finaid/DLforms.html.

Once you complete your Master Promissory Notes (not loan application) and Entrance Counseling via the Department of Education's website, it may take up to 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 were awarded the Perkins Loan this academic year 2011-2012, 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, ECSI, on completing the Promissory Note and Entrance Counseling. Students that competed this requirement last academic year 2010-2011 are not required to complete this requirement again. This maybe marked as spam in your mailbox, but it is not. You will not be able to complete the promissory note online if ECSI does not have your information on file that is why we ask that you wait until 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 that you are attending the IIT Downtown Campus. Also, for more information see the Bursar's Office website at:

http://www.iit.edu/bursar/institutional_and_perkins_loans.shtml

Reminder: Direct Deposit Available

Please be aware that the university allows students the option of having their financial aid refunds direct deposited into their checking or savings account. The university encourages all student to sign up for direct deposit. Click here for more information on the new TouchNet service.

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. Once you are approved, the lender will contact our office to certify your loan. The funds will be disbursed directly to you from the lender.

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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