Loans
The Office of Financial Aid and Scholarships offers entrance counseling to highlight the loan process and student responsibilities as well as exit counseling to explain the repayment process. A student can complete both Entrance and Exit Counseling from this web site. Student loans can be a useful tool in funding your education, but use them wisely. Borrow only what you need. A student must be enrolled at least 6 hours (half-time) to be eligible for Federal Loans. First-time borrowers at EIU will also need to complete a .
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Loan Types Available
Federal Direct Loan Increase/Decrease Requests
To request a change to your federal subsidized or unsubsidized loan amount, you must sign in to PAWS to submit the request.
Go to the Financial Aid tab and click Financial Aid Dashboard link, on the Home tab verify the correct aid year is selected in the drop down at the top right, click View Questions to bring up the Direct Loan Increase/Decrease Request. Enter your request in the text box and click Submit. Please be specific and include loan type, amount, and semester. If the request is unclear, you will be asked to resubmit in order to clarify.
** The PAWS submission form applies to the student’s subsidized and unsubsidized loans only and cannot be used to revise parent PLUS loans or to request loan changes due to a PLUS loan denial or change in grade class. Parents may submit PLUS loan revision requests to finaidPLUS@eiu.edu. If you need to request one of these changes, please submit the specific form available here (/finaid/loan_forms.php).
Please note: Revisions will be made based upon academic year budgets and other aid received. Annual and aggregate loan limits also apply. Please review your loan li