To Accept/Reduce/Decline a Federal Direct Unsubsidized Loan

To Accept/Reduce/Decline a Federal Direct Unsubsidized Loan

The pupil must accept or decrease a Federal Direct Unsubsidized Loan from the electronic Award Letter on SalukiNet by selecting “Accept” or “Decline” within the dropdown package regarding 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 lowered prize quantity into the “Partial Accept” industry. In the event that pupil desires to request loan modifications, they need to utilize the “Request Changes” from the Award Letter Ideas demand page for the electronic Award Letter.

The time that is first loan is accepted, the student must complete a Electronic Master Promissory Note. The mortgage will likely then be credited into the pupil’s SIUC account, split into two payments for the year that is academic. The pupil will be required to also be involved in an Entrance Loan Counseling session.

All or part of the loan may be canceled within ninety days for the date the educational college notifies the pupil that the mortgage happens to be credited with their account. Continue reading “To Accept/Reduce/Decline a Federal Direct Unsubsidized Loan”