If you wish to increase your Federal US Loans during the academic year and your current borrowing is less than the maximum Cost of Attendance (CoA) stated in your financial aid package, please email usaloans@abdn.ac.uk to request the amendment. You cannot borrow more than your maximum CoA figure.
If you wish to decrease your Federal US Loans please email usaloans@abdn.ac.uk to request the amendment. The reduction will be spread across any remaining disbursements. Please notify us by the date mentioned in your "Right to Cancel" email.
If you wish to cancel your loan, please email usaloans@abdn.ac.uk by the date provided in your "Right to Cancel" email, before the upcoming release date. There is a short period after receipt of your disbursement where you can ask the University to return Federal loan funds to the US Treasury, however, you will be responsible for all bank charges if the payment has already been disbursed.
If you wish to cancel your Federal Loan and the timeframe for doing so through the University has passed, you can still pay your loan service provider directly. You are advised to contact your loan service provider for up-to-date details about cancelling your loan - your loan service provider details can be found on the Studentaid.gov website once you log in.
If you cancel your Federal loan after receiving a disbursement or you are withdrawing/ suspending your studies, you must complete Exit Counselling.
We will contact you before each loan disbursement to remind you of your Right to Cancel and to give you the option to reduce, cancel or increase the next loan disbursement.