Financial Aid Office Quinsigamond Community College 2014-2015 Direct Loan Decline and Reduction Form Student s Name: Student ID: Request to decline or reduce your loan by checking the appropriate boxes below - qcc-2026

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Financial Aid Office Quinsigamond Community College 2014-2015 Direct Loan Decline and Reduction Form Student s Name: Student ID: Request to decline or reduce your loan by checking the appropriate boxes below - qcc Preview on Page 1

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering your Student’s Name and Student ID in the designated fields at the top of the form.
  3. To decline a loan, check the appropriate boxes under 'Request to DECLINE Direct Loan' for either Fall 2014 or Spring 2015, specifying whether it is Subsidized or Unsubsidized.
  4. If you wish to reduce your loan amount, refer to the instructions provided regarding the loan origination fee. Fill in your original gross amounts and desired new gross amounts for both semesters.
  5. Finally, sign and date the form at the bottom to acknowledge your understanding of the terms outlined.

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Not a big deal. Call the school and tell them you want to decline the loans (if you cant do it online). Nothing has be disbursed, no loan documents signed. If you do change your mind, youll still be able to get the loan later in the semester or even next spring.
Complete the FAFSA* Be sure to designate Quinsigamond Community College (Federal School Code 002175) in the College release section.
When you say no, dont offer explanations or excuses. Doing so only opens the door to a discussion and prompts your friend or family member to try to overcome your objections. Say, Im sorry, but I cant give you a loan. When the person asks, Why not? just repeat your statement.
In the Financial aid section, you should select Accept/Decline Awards, then the aid year you wish to review. You should check the box under decline then update totals and submit to finalize the decline of your Federal Direct Loan offers.
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