Receive & Accept Your Award
(Step 4 of Apply for Financial Aid)
It takes about 1-2 weeks for our office to receive your FAFSA. You will receive an award notification email when you can view and accept/decline your aid online on the myIIT portal.
Your financial aid award may contain one or more of the following types of financial aid:
- Federal Loans (Stafford Unsubsidized and/or PLUS Loan)
- Federal Work Study
- Outside resources (tuition remission, student acquired scholarships, etc.)
After you have reviewed your financial aid award, please determine the exact amount of loan funds that you need for the entire academic year, not per semester. In order to receive these funds, new and continuing students must accept, the loan amounts on the myIIT portal. To help you determine how much you need to borrow you may complete the Semester Refund Calculation Worksheet.
*Please note that you cannot make changes to your financial aid award through the myIIT portal after your loans have been processed. The myIIT portal will not give you the option to accept, increase, or reject loans that have already been processed. You must contact our office via email if you wish to make changes to these loans.