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Loan Change Request Form
Please note: Changes will only be processed for semesters in which the indicated loan has NOT yet disbursed. Loans in an
offered (O) status should be updated by the student via the myShip student portal. A signature is required on this form in order to
process pre- disbursement loan changes.
Academic Year 2019-20 2020-21
Direct Student Loan
Adjustment requests to Direct loans must be made by the student borrower and require signature.
I wish to cancel the following Direct Loan type for the specified semester:
Loan Type: ____ SUBSIDIZED ____ UNSUBSIDIZED
Semester: ____FALL ____SPRING ____SUMMER
Adjust my Subsidized or Unsubsidized Direct Loan from $__________ to $__________.
Amount will be equally divided between fall and spring semesters, except where the loan offered was for only one semester.
Other- Please explain:____________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
_____________________________________ ______________________________
Student Name (please print) Student ID
____________________________________ ________________________________
Student Signature Date
Direct PLUS (Parent) Loan
Adjustment requests to Direct PLUS (Parent) Loans must be made by the parent borrower and require the
parent borrower’s signature.
Cancel the Direct PLUS (Parent) Loan in full for this academic year.
Decrease my Direct PLUS (Parent) Loan from $____________ to $____________.
Amount will be equally divided between fall and spring semesters, except if the loan was processed for only one semester.
Ot
her- Please explain:____________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
__________________________________ ______________________________
Student Name (please print) Student ID
__________________________________ _____________________________________
Parent PLUS Borrower Name (please print) Parent PLUS Borrower Signature Date
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Private Alternative Loan
To increase your private alternative loan, please contact your lender. For any other changes to your
private alternative loan, please select from one of the following options and provide student borrower
signature.
Cancel my Private Alternative Loan in full for this academic year.
I wish to adjust my loan period and associated disbursement(s) from Fall/Spring
to Fall only.
I wish to adjust my loan period and associated disbursement(s) from Fall/Spring
to Spring only.
Decrease my Private Alternative loan from $____________ to $_____________.
Reduced amounts are equally divided between fall and spring semesters, except if the loan was
processed for one semester only.
Oth
er- Please explain:______________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
_____________________________________ ______________________________
Student Name (please print) Student ID
____________________________________ ________________________________
Student Signature Date
Please note: Changes will only be processed for semesters in which the indicated loan
has NOT yet disbursed. Loans in an offered (O) status should be updated by the student
via the myShip student portal. A signature is required on this form in order to process
pre- disbursement loan changes. Failure to sign this form will result in processing delays.
This form requires either the student or parent signature. If you are unable to print and sign this
form, you may add your signature by using the ‘ADD NOTES’ feature found on the top of the
form. You would then use your finger or mouse to sign. Return this completed form to
finaid@ship.edu. We will accept scanned documents, or pictures by email so long as they are
easily readable and signed by the appropriate person. Any questions please contact the Financial
Aid Office at (717) 477-1131.