Online Student Loan Counseling 4.5

Mapping Your Future: Online Counseling

Step 2

Stafford and Grad PLUS Entrance Counseling

Illinois Institute of Technology, Downtown Campus in Chicago, IL

Dear IIT Downtown Campus Student,

As a first time Federal Stafford and/or Federal Graduate Plus Loan borrower at the IIT Downtown Campus, federal regulations require that you complete student loan entrance counseling before any loan funds can be disbursed. Borrowing for your education is a major investment in your future. It is important that you understand your rights and responsibilities as a federal loan borrower.

A student receiving federal financial aid loan funds must be enrolled at least half-time, as defined by the Registrar's Office, in a degree-seeking program or certificate program that is approved for Title IV funding by the Department of Education.

During the regular fall and spring semesters half-time enrollment is defined as:

Law & LLM Program: 6 hours
Stuart School & MPA Program: 4.5 hours

During the summer term half-time enrollment is defined as:

Law & LLM Program: 3 hours
Stuart School & MPA Program: 4.5 hours

If you are enrolled less than half-time it will impact your financial aid. You will enter your 6 month grace period on your Federal Stafford Loan and if you have borrowed from the Federal Graduate Plus Loan you will be in repayment of this loan immediately. If you decide to withdraw from the school you must complete a Withdrawal Form at the Registrar's Office which is located on the 2nd floor at the IIT Downtown Campus.

To access your aggregate federal loan history log on to the National Student Loan Data System (NSLDS) at www.nslds.ed.gov using your FAFSA PIN.

If you have any questions please feel free to contact our office at:

Office of Financial Aid

IIT Downtown Campus

565 W. Adams St., Suite 230 Second Floor

Chicago, IL 60661

Tel: 312-906-5180

Fax: 312-906-5274

Email: finaid@kentlaw.edu (Law & LLM Students)

Email: finaid@stuart.iit.edu (Stuart School & MPA Students)

Website: http://www.kentlaw.edu/depts/finaid/

Office Hours: Monday-Thursday 8:30am-6pm, Friday 8:30am-4:30pm

MYF Disclaimer:

The information above is wholly the product of the school represented herein. Mapping Your Future, and its individual sponsoring members, do not guarantee or warrant the correctness, completeness, accuracy, or any other characteristic of this content and shall not be liable for any loss, damage, or cause of action arising out of the content.

Stafford & Grad PLUS Entrance Counseling Session Instructions

Before You Start

Ensure you meet the browser and system requirements:
- You must use at least Internet Explorer 6.0 or Mozilla Firefox 1.0. Get a browser now.
- You can use any Internet service provider (ISP) to connect to the Internet; however, you should access this counseling session using one of the browsers above after you've connected. Do NOT use the ISP's browser, such as AOL or MSN--you won't be able to complete the student form at the end of the session!
- You must enable JavaScript in your browser.
You will need about 30 minutes to complete this counseling session.
You will need the following information:
- Your Social Security number
- Your driver's license number
You might need the following information:
- Name, address, telephone number, and employer for your spouse, if applicable
- Names, addresses, telephone numbers, and employers for your next of kin and/or parent
- Names, addresses, telephone numbers, and employers for two references residing at different addresses
- NOTE: Providing names and information for your spouse, parent, next of kin, and references does not obligate them to assist with repayment of your loan. Regulations require you provide this data so your loan holder can locate you, if, in the future, they have an invalid address or phone number.
The student loan calculator in this session will help you calculate your estimated monthly payment. If you aren't sure how much you'll borrow, you can ask your school for the average student loan indebtedness of borrowers at the school or in your program of study at the school.

What to Do

Read the content and answer the questions.
Fill out the student information form. Use the comment box for any comments or questions you have for your school.
Print the confirmation page that appears after you fill out the student information form or note your confirmation number for your records.

NOTE: Generally, the Back and Forward buttons on your browser will not work once you begin the counseling session. Use the buttons within the counseling to navigate.