2019-2020 Student Loan
Reduction/Cancellation Form
Feather River College – Financial Aid Office – 570 Golden Eagle Avenue, Quincy CA 95971
Phone (530) 283-0202 ext. 603 – Fax (530) 283-4659 – Email: financialaid@frc.edu
www.frc.edu/financialaid
REDLOA
This form will not be processed if Loan Type and Dollar Amounts are incomplete.
B. Reduction/Cancellation – Please check the semester(s) you would like to reduce/cancel loan funds:
☐ Fall 2019 & Spring 2020
Amount Reduced/Cancelled: $
Amount Reduced/Cancelled: $
Both loans have a current interest rate of 4.53%.
*New loan amount equals original amount minus amount reduced/cancelled.
D. Student Certification and Signature – I understand that this a federal educational loan that I must repay and, by
signing this application, I am authorizing Feather River College to process my request for student loans as specified
above. I further certify that all the information reported on this application is complete and correct. Warning! If you
purposely give false or misleading information you may be fined, sentenced to jail, or both.
Student Signature: _____________________________________________________ Date__________________
This worksheet must be signed and dated to be valid. Electronic and/or digital signatures are not valid.
Sub/Unsub Amount Reduced: _______________
Sub/Unsub Amount Cancelled: _______________
Student’s Name: ________________________________________________ FRC ID: ______________________
C. Borrower Right to Cancel
You have the right to cancel all or a portion of your subsidized and/or unsubsidized loan within 14 days of the date
FRC disbursed your loan. If you would like to cancel your loan, the funds will be reversed from your son or daughter’s
student account and returned to the Federal Direct Loan program. Notice: If a refund has already been generated,
you must return the refund check with this form otherwise, the loan cannot be reduced or cancelled.
