Federal Student Loan Acceptance Deadline

The Office of Financial Aid would like to remind students that the last day to accept federal student loans for the Fall 2014 semester is Friday, November 21. If your student loans are currently in “Offered” status and you need them to finance your educational or living expenses, be certain to accept them ASAP.

As a brief reminder, all students need to sign a Master Promissory Note (MPN) and complete Loan Entrance Counseling before the Office of Financial Aid can disburse your loan. To complete an MPN/Entrance Counseling, head to www.studentloans.gov. For reference, it takes the Department of Education three to five business days to process any updates to your account and inform the Office of Financial Aid.

If you have any questions regarding this notice or if you would like to decline loan(s) you previously accepted on your myIIT portal, contact the Office of Financial Aid at 312.567.7219 or finaid@iit.edu.