Request to Reduce or Cancel Loan

Request to Reduce or Cancel Loan

You may request that your loan be reduced or cancelled. The Financial Aid Office may make the reduction/cancellation if the request is received up to two days prior to disbursement of the loan. Once the loan has been disbursed, you must contact the Bursar Office within 30 days to request reduction/cancellation of the loan. Please note if you completely cancel a disbursement of a loan, any pending disbursements will automatically be cancelled. If you request a loan with more than one disbursement to be reduced and no disbursements have yet been made, the disbursements will be evenly reduced. All requests must be in writing and include the following information:

(PLEASE DO NOT INCLUDE SOCIAL SECURITY NUMBER)

  • Direct Student, Direct Graduate PLUS, and Private Educational Alternative Loans — Student must make request, not parent. Please include your name, your Bloomsburg University ID Number, and the amount you want the loan reduced to or cancelled.
  • Direct PLUS Loans — Parent borrower must make request, not student. Please include parent borrower's name, the student's name, the student's Bloomsburg University ID Number, and the amount you want the loan reduced to or cancelled.

Instructions How To Reduce or Cancel Loan

Loan Program Prior to Disbursement After Disbursement

Federal Direct Student Loan (Reduce)

Once the loan has been disbursed, you must contact the Bursar Office (570)389-4013 within 30 days of the disbursement to request reduction/cancellation of the loan.

Federal Direct Student Loan (Cancel in Full)

Federal Direct PLUS Loan (Reduce or Cancel)

Federal Direct Grad PLUS Loan (Reduce or Cancel)

Private Educational Alternative Loan