Direct Loan Decline and Reduction Form Summer 2021 - qcc-2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering your name and student ID in the designated fields at the top of the form.
  3. Read the acknowledgment section carefully. This outlines important information regarding loan declines and reductions.
  4. To decline a loan, check the appropriate boxes for either Fall 2021 or Spring 2022, specifying whether you wish to decline subsidized or unsubsidized loans.
  5. If you are reducing your loan amount, calculate your new gross amount by adding $11 per thousand borrowed to include the origination fee. Fill in both original and new gross amounts for each semester.
  6. Sign and date the form at the bottom to complete your request.

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Steps: Login to CUNYfirst. Select Student Center Select Financial Aid Select Award Select Accept/Decline Awards
DONT EXPLAIN OR MAKE EXCUSES. Say, Im sorry, but I cant give you a loan. When the person asks, Why not? just repeat your statement. Eventually, your friend or family member will stop asking.
yeah you can definitely decline it you dont need to take the loan at all, especially if you already paid out of pocket, i think they just offer the loan if your financial aid doesnt cover all of your tuition. if you didnt accept anything then you should be fine!
Any borrower with ED-held loans that have accumulated time in repayment of at least 20 or 25 years will see automatic forgiveness, even if the loans are not currently on an IDR plan. Borrowers with FFELP loans held by commercial lenders or Perkins loans not held by ED can benefit if they consolidate into Direct Loans.

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