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Bursar's Office

IIT Bursar's Office home page
Headlines for the Week of November 29, 2010

Updated tuition refund policy

Effective immediately, refunds from overpayment of tuition will only be issued upon request. Tuition refunds from financial aid will still be issued automatically, but out-of-pocket payments in excess of your tuition charge will be applied as a credit toward the next term. You can request a refund of overpaid tuition by filling out a Refund Request Form and submitting it to the Bursar's Office. This is in accordance with the Illinois Institute of Technology's official Refund Policy.

Also please note that after fall 2010, direct deposit will be the primary way to receive your refund. Paper checks will only be available by mail once a week. For information about receiving refunds via direct deposit, or about our refund policy, visit our website at www.iit.edu/bursar.

How to receive your Perkins Loan

In order to receive your loan, you will have to complete paperwork, including a Master Promissory Note and Entrance Interview with ECSI, our institutional loan processor. To initiate this process, accept the award on the Finances tab of your myIIT portal as usual. You will be contacted by ECSI via e-mail with information on completing required paperwork. If you do not receive e-mail communication to your @kentlaw e-mail address, please check your @iit e-mail address on the welcome screen of your myIIT portal, as communications could be sent there.

This process must be followed even if you have completed a Master Promissory Note with us previously, as the documentation has changed.

If you have questions about your institutional loans, you can contact ECSI at 1-888-549-3274 or webservice@ecsi.net. Please allow several days after accepting your award on the myIIT portal before contacting ESCI to ensure they have your information on file.

 

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