The pupil must accept or decline a Federal Direct Unsubsidized Loan regarding 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 web page. The pupil can lessen the mortgage quantity by picking “Accept” within the dropdown package and entering a lower life expectancy prize 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 of this 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, divided in to two re payments for the scholastic 12 months. The pupil will be required to also be involved in an Entrance Loan Counseling session.
All or the main loan could be canceled within ninety days associated with date the educational school notifies the pupil that the mortgage happens to be credited for their account. Loan funds will first be employed to buy tuition, fees, space and board. If funds stay after these costs have already been compensated, the pupil will get the staying funds by check.
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