To Accept/Reduce/Decline a Federal Direct Unsubsidized Loan

To Accept/Reduce/Decline a Federal Direct Unsubsidized Loan

The pupil must accept or drop a Federal Direct Unsubsidized Loan from the electronic Award Letter on SalukiNet by selecting “Accept” or “Decline” within the dropdown field in the Award Letter Accept/Decline Awards web web web page. The pupil can lessen the mortgage quantity by picking “Accept” into the dropdown field and entering a lowered honor quantity when you look at the “Partial Accept” industry. In the event that pupil desires to request loan modifications, they need to utilize the “Request Changes” in the Award Letter Ideas demand page regarding the electronic Award Letter.

The very first time a loan is accepted, the pupil must finish a Electronic Master Promissory Note. The mortgage will likely then be credited towards the pupil’s SIUC account, split into two re re payments for the year that is academic. The pupil will be required to also be involved in an Entrance Loan Counseling session.

All or area of the loan may be canceled within ninety days of this date the college notifies the pupil that the mortgage happens to be credited for their account. Loan funds will be used to first purchase tuition, costs, room and board. If funds stay after these costs have already been compensated, the student will get the funds that are remaining check. Continue reading “To Accept/Reduce/Decline a Federal Direct Unsubsidized Loan”