2019-2020 Aid Adjustment Request
Please return this completed form to Indian Hills Community College along with any other requested materials:
Fax: 641.683.5741│ Mail: IHCC Financial Aid Office, 525 Grandview Ave, Ottumwa, IA 52501
or bring to One Stop/Bennett Student Services Building
Student’s Name
Student’s ID #
Phone
Annual and aggregate loan limits for Direct Stafford Loans
Year
(except students whose parents are
Independent undergraduate students
(and dependent students whose parents
are unable to obtain PLUS Loans)
First Year
$9,500No more than $3,500 of this
amount may be in subsidized loans.
Second Year*
*or successfully completed 24 credits in your program
(not all programs will have 2
nd
year eligibility)
$6,500No more than $4,500 of this
amount may be in subsidized loans.
$10,500No more than $4,500 of this
amount may be in subsidized loans.
Terms Attending
Fall 2019
Winter 2019
Spring 2020
Summer 2020
Request a loan increase, reduction, or cancellation:
Keep in mind, the amount you list for the New Annual Amount will be split up into equal disbursements for your enrollment period.
Federal Direct Subsidized Loan - The federal government pays interest on subsidized loans while you are in school at least half-time.
Accept my Subsidized Loan
Maximum eligibility
Increase my Subsidized Loan to
$__________
New Annual Amount
Reduce my Subsidized Loan to
$__________
New Annual Amount
Cancel all unpaid Disbursements
Comments:
Federal Direct Unsubsidized Loan - Interest starts accruing (accumulating) from the time the funds are disbursed to you.
Accept my Unsubsidized Loan
Maximum eligibility
Increase my Unsubsidized Loan to
$__________
New Annual Amount
Reduce my Unsubsidized Loan to
$__________
New Annual Amount
Cancel all unpaid Disbursements
Check here to request additional Unsubsidized Loan in the amount of $_________ as a result of your parent’s Federal PLUS
Loan Denial. Maximum of an additional $4,000 or remaining unmet cost, whichever is less.
Comments:
Parent PLUS Loan - A parent signature is required below.
Cancel the entire 2019-2020 amount
Reduce my PLUS loan to $_________
Work-Study
Decline my 2019-2020 Federal Work-Study offer
Replace with Loan if possible:
YES
or
NO
Other
I want to increase my loans because my grade level has changed from 0-23 credits to 24 or more credits.
I will not be attending Indian Hills Community College; therefore, I am declining my 2019-2020 financial aid.
My request is not listed above (specify change):
In addition, please be advised that you have the right to cancel or reduce your loan(s) by contacting OneStop.
I understand that IHCC will process Subsidized loan funds up to the annual amount above, or my maximum eligibility, whichever is smaller, with the
remainder in Unsubsidized loan funds. A hand written signature, not typed, is required.
Student’s Signature
(Required)
Date
Parent’s Signature*
Date
(*Only Required for Parent Plus Loan Adjustments)
FOR OFFICE USE ONLY:
Processor Notes:
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