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Declining a Federal Direct Loan

The Financial Aid office will maximize your eligibility and originate your Federal Direct student loan once your financial aid file is complete.  After the funds are received, from the Department of Education, the loan will be credited towards your tuition in your Billing account.  If you would like to reduce or cancel one or more of your student loans, please submit a completed Loan Change form, for the appropriate academic year, to the Financial Aid office.  Please include the amount you would like to keep in the appropriate Semester/Quarter/Term box.

The processing of a Loan Change form will begin once the submitted form is received and reviewed by the Financial Aid office. After your requested changes have been made, a revised financial aid award letter will be mailed to you and the changes will be visible from within your student portal.

If your financial aid award letter is accurate and you do not wish to make any changes, you do not need to complete a Loan Change form.  You may sign and return Copy #1 to the Financial Aid office, and retain Copy #2 for your records.  

Lindenwood University
2600 West Main Street
Belleville, IL 62226