2021-2021
Parent PLUS 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
PLUSRD
C. Reduction/Cancellation – Please check the semester(s) you would like to reduce/cancel PLUS loan funds:
☐ Fall 2020 & Spring 2021 ☐ Fall 2020 Only ☐ Spring 2021 Only
Original PLUS Amount: $
PLUS Amount Reduced/Cancelled: $
New PLUS Loan Amount: $
Current interest rate is 5.30%
*New PLUS loan amount equals original PLUS amount minus PLUS amount reduced/cancelled.
E. Parent Certification and Signature – I understand that this a federal educational loan that I must repay and, by
signing this application, I am authorizing my parent PLUS loan be reduced/cancelled as specified above. I further
certify that all the information reported on this application is complete and correct. The parent who requested the
original PLUS loan must sign and date below. Warning! If you purposely give false or misleading information you
may be fined, sentenced to jail, or both.
This worksheet must be signed and dated to be valid. Electronic and/or digital signatures are not valid.
Parent Signature: _____________________________________________________ Date__________________
PLUS Amount Reduced: _______________ PLUS Amount Cancelled: _______________
Student’s Name: ________________________________________________ FRC ID: ______________________
Parent Name: ________________________________________________ SSN: _________________________
DOB: _____________________________
D. Borrower Right to Cancel
You have the right to cancel all or a portion of your PLUS 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 students account and returned to the Federal
Direct Loan program. Note: If a refund has already been generated, you must return the refund check with this
form otherwise, the loan cannot be reduced or cancelled.
