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 Award that is electronic Letter SalukiNet by selecting “Accept” or “Decline” within the dropdown field regarding the Award Letter Accept/Decline Awards web web page. The pupil can lessen the mortgage quantity by picking “Accept” into the dropdown package and entering a lowered honor quantity within the Accept” that is“Partial industry. In the event that pupil wants to request loan changes, 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 complete a Electronic Master Promissory Note. The mortgage will likely then be credited towards the pupil’s SIUC account, divided in to two re payments when it comes to educational year. The pupil will additionally be necessary to be involved in an Entrance Loan Counseling session.

All or the main loan could be canceled within ninety days of this date the college notifies the pupil that the mortgage happens to be credited with their account. Loan funds will first be employed to pay money for tuition, charges, space and board. If funds stay after these charges have now been paid, the pupil will get the funds that are remaining check.

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