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 in the electronic Award Letter on SalukiNet by selecting “Accept” or “Decline” within the dropdown package from the Award Letter Accept/Decline Awards web page. The pupil can lessen the mortgage quantity by picking “Accept” when you look at the dropdown package and entering a diminished prize quantity into the Accept” that is“Partial industry. In the event that pupil wants to request loan modifications, they need to make use of the “Request Changes” from the Award Letter Ideas demand page of this Award that is electronic 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 payments for the educational year. The pupil will be required to also be involved in an Entrance Loan Counseling session.

All or the main loan is canceled within 3 months regarding the date the educational college notifies the pupil that the mortgage happens to be credited for their account. Loan funds will be used to first pay money for tuition, charges, room and board. If funds stay after these charges have now been compensated, the student will get the staying funds by check.

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