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Financial Aid Overview

IIT's Downtown Campus financial aid website provides all of the information, tools and resources you need to complete the financial aid process, including:

  • FAFSA information and resources to assist you in completing the FAFSA
  • Cost of Attendance Budget components to help you budget your expenses
  • List of the types of financial aid available, including terms and conditions
  • Current interest rates and origination fees charged
  • Steps to apply for financial aid
  • Loan requirements, forms and worksheets
  • Loan repayment resources and calculators

Overview of the Financial Aid Process

1. FAFSA

Complete the Free Application for Federal Student Aid (FAFSA) anytime after January 1st. Chicago-Kent's FAFSA code is E00773. We recommend that you submit the FAFSA online no later than March 1st in order to receive full consideration for financial aid. Some financial aid is awarded on a first-come, first-served basis. You can still submit a FAFSA after March 1st. View dates and deadlines.

2. Student Aid Report (SAR )

Log into your FAFSA account to check your FAFSA status online and ensure that Chicago-Kent receives your Student Aid Report (SAR). In addition, review the Department of Education's comments on your SAR and make any necessary changes.

3. View and Accept/Decline Your Award

When your financial aid award is finalized and ready for you to view and accept, our office will notify you by an email notification and a paper award letter in the mail. Log into your myIIT portal account to accept partial or full amounts, or to decline the award if you do not wish to borrow the funds at this time. You can request a loan be re-offered to you later in the academic year by emailing our office. The myIIT portal does not allow you to change your status after you have already submitted your selection. View instructions for how to log into the myIIT portal.

4. Complete Loan Requirements

If you accept any federal loans, you must complete the corresponding loan requirements. These can be found on the myIIT portal Loan Requirements tab after you accept your loans. You can also find a list of general loan requirements along with the loan terms and conditions on the Financial Aid website.

5. Other Required Documents

Some students are selected by the Department of Education to submit additional documentation. Please log into your myIIT portal account to see any additional required documents that you must submit.

6. Disbursement

All student loan funds are disbursed to a student's tuition account 10 days prior to the start of each term, if a student has completed all requirements in advance. If you have a credit balance in your student account after scholarships, loans, or any outside resources have been credited to your student account, the Student Accounting Office may be processing a refund for you. You can sign up for direct deposit of these funds to your personal bank account on the myIIT portal. Please contact the Student Accounting Office directly for any questions regarding the status of your tuition refund.