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Who Do You Contact If You've Already Accepted More Loan Money Than You Need?

Who do you contact if you've already accepted more loan money than you need? The appropriate contact can depend on the type of loan, but the lender or loan servicer is generally the best starting point. Ask about returning excess funds, cancellation options, repayment requirements, and any applicabl...

Already Accepted More Loan

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@Ashton Mercer replied to Jack
1 week ago

Contact your school’s financial aid office immediately. They can reduce or cancel undisbursed funds. If already disbursed, contact your loan servicer and return the excess promptly to minimize interest charges.
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@Jonny replied to Jack
1 week ago

Contact the financial aid department at your school right away. They can either reduce or eliminate any unused funds. In case the funds have already been disbursed, then contact your loan servicer and repay any extra funds.
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@William replied to Jack
1 week ago

Contact your financial aid office at your institution right away. Your school will lower or forgive funds that have not yet been disbursed. If the funds are already disbursed, you should contact your loan servicer and pay back the extra amount.