Requests for an increase or decrease to your current loan amount(s) or adjustments to your Federal Work Study will be processed within 12 to 15 business days (this excludes holidays and weekends). If a new loan will need to be created for you, there may be additional processing time due to the Department of Education. If you need to adjust more than one loan type, please submit this form again.
Fall semester - December 6th / Spring semester - April 15th
**Please refer to your financial aid award and/or your student account in MyAccess to determine what you have available to increase or decrease.
Loan Adjustment Request for the 2023-2024 Academic school year.
Fall semester requests received after August 1st and Spring semester requests received after December 1st may be processed AFTER the Add/Drop period for the upcoming semester.
*Notes regarding increases to your Federal loans:
The Department of Education assesses fees to originate (create) ALL federal loans. The Federal Direct Unsubsidized Stafford Loan has a current origination fee of 1.057% and the Federal Direct Graduate PLUS (GradPLUS) Loan has a current origination fee of 4.228%. The amount that is originated on your behalf will be processed to include these fees. The amount that you will see on your financial aid award in MyAccess will be higher by the amount of these fees. The amount that will post to your student account and is refunded to you, will be lower by the amount of these origination fees or the direct amount that you specify.
*Please remember – your student loans are debt obligations and we encourage you to stay informed of your borrowing by regularly checking your student account and financial aid awards via MyAccess. We also encourage you to use, in addition to counseling from our office, additional free financial aid tools, calculators and advice available through sites such as AccessLex, finaid.org and to check your complete federal loan history via your NSLDS (National Student Loan Data System) Report at Studentaid.gov (navigate to your Dashboard). Commercial/private loan borrowers should check loan history on your credit reports.