Financial Aid At-A-Glance

  1. FAFSA
    Complete the 2022-2023 Free Application for Federal Student Aid (FAFSA) HERE as soon as possible for the 2022-2023 academic year and list the Chicago-Kent College of Law FAFSA school code E00773. The preferred FAFSA completion deadline is April 1st** The 2021-2022 FAFSA is also still available.
  2. Student Aid Report (SAR)
    After completing the FAFSA, you will receive a Student Aid Report (SAR) via email or mail.  Review your SAR and any comments noted by the Department of Education.  Make any necessary corrections with the Department of Education and make sure that the Chicago-Kent College of Law FAFSA school code of E00773 is on your SAR. If it is not, the Office of Financial Aid will not receive your FAFSA information.
  3. Financial Aid Award Notification 
    Admitted students will start receiving their financial aid award notification by email in March. **Please note:  In order to be considered for federal financial aid, you must be enrolled at least half-time (6 credit hours for the Fall and Spring semesters and 3 credit hours for the Summer term).
  4. Award Review and Acceptance
    Log in to your myIIT portal account to accept the full or partial amount of the awards offered to you. If you are borrowing federal student loans, it is to your advantage to accept the Federal Unsubsidized Loan prior to accepting the Federal Graduate PLUS Loan.
  5. Required Documents
    Complete a Loan Agreement (Master Promissory Note) online for each Federal Direct Loan type you accept and complete one-time required Loan Entrance Counseling session also on the Department of Education’s website at Please be sure to choose the Illinois Institute of Technology - Downtown Center so we receive your information in a timely manner.
  6. Financial Aid Disbursement
    Financial Aid (scholarships and federal student loans) is disbursed in equal installments directly to your student account approximately 10 days before the start of each semester if all requirements are complete.
  7. Refunds
    If you have a credit balance after all financial aid is applied to your student account and your billable expenses (tuition and fees) are paid, the Student Accounting Office will process a refund.*  Please allow at least 10 business days for a refund to be processed.  For specific question related to your refund, to discuss charges on your student account, or for information on setting up direct deposit or payment plans, please contact the Student Accounting Office at or at (312) 567-3794.  * To obtain an estimate of what your semester refund may be, please complete an Estimated Refund Calculation Sheet for each semester.  
* To obtain an estimate of what your semester refund may be, please complete an Estimated Refund Calculation Sheet for each semester.    

Glossary and FAQs

Before you begin your journey into the financial aid process, you may want to visit our webpage to learn about commonly used financial aid terms, as well as obtain answers to some Frequently Asked Questions. 

Securing Your Sensitive Documents

The Office of Financial Aid at Chicago-Kent now requires students to password protect any document emailed to our office that contains sensitive information. For more information, please visit our webpage.

Cost of Attendance

The Office of Financial Aid uses a Cost of Attendance (COA) budget to calculate your estimated educational costs for the nine-month academic year. The components that make up the Cost of Attendance at Chicago-Kent College of Law include direct or billable expenses of Tuition & Fees, and the indirect or non-billable expenses of Room & Board, Books, Transportation and Miscellaneous/Personal Expenses. Each amount that we allot for budget components is based on data that our office collects through a student survey every year. Click to view the 2021-2022 Cost of Attendance Budget Components.

COA - Specific to 1L Students

Your total 2021-2022 Cost of Attendance is based on a flat rate of 31 credits for the academic year. Students have a set registration schedule of 16 credits for the Fall semester and 15 credits for the spring semester (*unless you opt to do the 1L Your Way Program).

If you opt for the 1L Your Way Program and begin your studies at Chicago-Kent in the Summer semester (Summer Start Students) you must complete the appropriate FAFSA Your Cost of Attendance for the Summer semester is distinct from your nine-month academic year Cost of Attendance.  You must be registered for at least 3 credit hours for the Summer term in order to be considered for federal financial aid.  Please visit our webpage for detailed information on the Summer Financial Aid Process specific to Summer Start Students.

COA - Specific to 2L Students

The total 2020-2021 Cost of Attendance for continuing students is based on the minimum number of credits required of your program type.  For Full-Time/Day Division students, that would be 12 credit hours for both Fall and Spring semesters.  For Part-Time/Evening Division students the COA would be based on 6 credit hours for both Fall and Spring semesters.

**If you are taking more than the standard minimum credit load per semester and your current Cost of Attendance budget does not meet your total billable and non-billable expenses, you may email the Office of Financial Aid with the number of credit-hours in which you intend to enroll for both Fall and Spring semester, and request an increase of your federal student loans.

COA - Specific to 3L Students

We understand that you may be close to graduation and not need as many credits as in past semesters. However, you must still demonstrate at least half-time enrollment to maintain your federal financial aid eligibility. If you do not meet the enrollment criteria, you may contact the Student Accounting Office to make payment arrangements or you may apply for a private educational loan (tuition only).

Half-time enrollment is considered to be: 6 credit hours for Fall and Spring semesters and 3 credit hours for the Summer term.

If you plan to take between 6 and 11 credits in a given semester in your last year at Chicago-Kent, please send your Fall and Spring enrollment intentions to our office via email. This will prevent delays of your disbursements and refunds. Once we receive your enrollment intentions, we will customize your Cost of Attendance budget to reflect your projected enrollment. It is best to let us know your enrollment intentions at least 3 weeks before classes start to ensure your financial aid is not delayed.

You must enroll in courses that are applicable toward the 87 credits required of your program for graduation. Any credits taken above the 87 credits required for graduation may not be eligible for federal financial aid.

If you are in your last year and are taking less than 12 credits per semester, no action is required of you to receive your scholarship. Your scholarship will be posted to your student account, but cannot exceed your tuition.

Tuition and Fees

Tuition is billed per credit-hour each semester. Please visit JD Program Tuition and Fees for 2021-2022 tuition rates.  Additionally, the total amount of federal financial aid that you accept for the academic year is disbursed equally, among the Fall and Spring semesters.  Your tuition and fees (billable expenses) are deducted each semester, and if  you have a credit balance, the Student Accounting Office will process a refund.

Origination Fees

The total amount that you borrow for each loan for the academic year is the Gross Amount. The Federal Government takes an Origination Fee off the top of the loan after loan is processed, and what is disbursed to your student account is the Net Amount (Gross Amount less Origination Fees). 

There will be no change in the Origination Fees for Direct Loans in 2022. The fees will remain the same for loans disbursed on or after October 1, 2021 and before October 1, 2022 and are as follows:

Federal Direct Unsubsidized Loan:   1.057%

Federal Direct Graduate PLUS Loan:   4.228%

Interest Rates

If you receive a federal student loan, you will be required to repay that loan with interest.  The interest rate for a loan, once established, applies for the life of the loan, meaning, the loan is a fixed-rate loan. Interest starts to accrue once a federal loan is disbursed. The amount of interest that accrues month-to-month on each federal loan is determined by a simple daily interest formula determined by the U.S. Department of Education.

Effective for loans disbursed on or After July 1, 2021 through July 1, 2022:

Federal Direct Unsubsidized Loan:   5.28%

Federal Direct Graduate PLUS Loan:   6.28%