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Loan cancellation beginning 9/19

Due to federal sequester cuts, the Direct Loan origination fees are changing for new Federal Direct loans first disbursed on or after 10/1/2014. If your loan has not paid to your account by Friday 9/19, we will begin the cancellation process. If your loan is canceled and you would like the loan to be reinstated, you may submit a Student Financial Aid Adjustment Form on or after 10/1.

Returning paid loan funds

You have the right to cancel all or part of paid loans by submitting a Student Financial Aid Adjustment Form. The form must be submitted within 30 days of the date of the loan disbursement.  Canceling or reducing a disbursed loan may result in a balance due on your WMU account.

Work-study cancellations begin October 22

Fall work-study recipients must have earnings charged to their fall work-study awards by Tuesday, October 21, or their awards will be canceled for the remainder of the 2014-15 financial aid year. If a student has been hired, but will not be paid through work-study until after this date, the student and the employer must notify the financial aid office by e-mailing angela.madden@wmich.edu on or before the October 21deadline.

E-mails received after October 21will not be considered and once an award has been canceled it will not be reinstated.

TIP - Borrow Smart: Work out a budget first, including your educational and living expenses.  Then, borrow only as much as you need.

 

Updated: 10/02/2014 10:57 AM

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Student Financial Aid
1903 W Michigan Ave
Western Michigan University
Kalamazoo MI 49008-5337 USA
269 387-6000 finaid-info@wmich.edu