To Accept/Reduce/Decline a Federal Direct Unsubsidized Loan

The pupil must accept or decrease a Federal Direct Unsubsidized Loan regarding the electronic Award Letter on SalukiNet by selecting “Accept” or “Decline” within the dropdown package in the Award Letter Accept/Decline Awards web page. The pupil can lessen the mortgage amount by picking “Accept” within the dropdown field and entering a reduced prize quantity within the Accept” that is“Partial industry. In the event that pupil desires to request loan modifications, they ought to utilize the “Request Changes” in the Award Letter Ideas demand page regarding the Award that is electronic Letter.

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

All or area of the loan may be canceled within 3 months regarding the date the school notifies the pupil that the mortgage is credited for their account. Continue Reading ->