The pupil must accept or decrease a Federal Direct Unsubsidized Loan from the Award that is electronic Letter SalukiNet by selecting “Accept” or “Decline” within the dropdown package in the Award Letter Accept/Decline Awards web page. The pupil can lessen the mortgage quantity by picking “Accept” within the dropdown package and entering a lesser honor quantity into the Accept” that is“Partial field. In the event that pupil desires to request loan modifications, they need to make use of the “Request Changes” from the Award Letter Ideas demand page regarding the 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 towards the pupil's SIUC account, split into two re re payments when it comes to scholastic 12 months. The pupil will additionally be required to take part in an Entrance Loan Counseling session.
All or area of the loan may be canceled within 3 months for the date the educational 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 costs have now been compensated, the pupil will get the staying funds by check.