2020 – 2021 Direct Loan Request/Adjustment Form
Office of Financial Aid
Name: _____________________________________________________________ Student ID#:___________________________
Use this form if you were unable to accept your loan or request a new loan online at selfservice.ecc.edu/student.
LOAN ADJUSTMENT (SELECT ONE): ❑ I would like to CANCEL my current loan award ❑ I would like to REDUCE my current loan award to: $___________________________________________
OR ❑ I would like to ACCEPT the Federal Direct Loan(s) offered in my Financial Aid Award Package in the amount of $______________________
LOAN REQUEST $__________________ FOR (SELECT ONE): ❑
2020 – 2021 Academic Year (Both Fall & Spring)
❑
Fall 2020 ONLY - I will be graduating in December 2020 ___Yes ___No
❑
Spring 2021 ONLY
❑
Summer 2021 ONLY
Annual Direct Loan limits:
First Year = $5,500
Second Year = $6,500
Independent Students = up to an additional $4,000
Actual loan may be less than requested.
I understand that I must be continuously enrolled and attending at least 6 required credits for any Federal Direct loan.
__________________________________________________________
_____________________________
SIGNATURE
DATE
Important Notice: Federal Direct loans will be disbursed in two equal disbursements. Academic Year Loans will have one disbursement in the fall semester and one in the spring semester. One semester loans will have two disbursements during the semester. Loans for first-time borrowers will be disbursed a minimum 30 days after the start of the term.
FACDLR20