To Accept/Reduce/Decline a Federal Direct Unsubsidized Loan

To Accept/Reduce/Decline a Federal Direct Unsubsidized Loan

The pupil must accept or decrease a Federal Direct Unsubsidized Loan from the electronic Award Letter on SalukiNet by selecting “Accept” or “Decline” within the dropdown package in the Award Letter Accept/Decline Awards page. The pupil can lessen the mortgage quantity by picking “Accept” into the dropdown field and entering a diminished award quantity within the “Partial Accept” industry. In the event that pupil desires to request loan modifications, they ought to utilize the “Request Changes” in the Award Letter Ideas demand page of this electronic Award Letter.

The time that is first loan is accepted, the pupil must finish a Electronic Master Promissory Note. The mortgage will likely then be credited to your pupil’s SIUC account, divided in to two re re payments when it comes to educational 12 months. The pupil will additionally be necessary to be involved in an Entrance Loan Counseling session.

All or area of the loan may be canceled within ninety days associated with the date the educational college notifies the student that the mortgage is credited with their account. Loan funds will be used to first buy tuition, charges, space and board. If funds stay after these fees have already been compensated, the pupil will get the staying funds by check.

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