Student Direct Loan Reduction Form
- Your Stevenson University Awared Letter offered you the maximum amount of Direct Student Loan allowed by federal regulation.
- If you have been offered both Direct Subsidized and Unsubsidized loans, you are not required to borrow from both programs. If you want to reduce your Direct subsidized Loan and not borrow any of the Direct Unsubsidized Loan, you may do so. You may not switch or transfer funds from one loan program to the other.
- Direct subsidized and Unsubsidized Loans are processed for the full school year and are disbursed equally between the fall and spring semesters. Example: When requresting to reduce your Direct Subsidized Loan to $5,000, you will receive half for the fall and half for the spring semesters minus the federal loan fee.