PDF 2019-2020 Loan Revision Request

[Pages:2]Office of Financial Aid 220 Doberstein Admissions Center 320 N Dupont Highway New Castle, DE 19720

Fax: (302) 328-8905 Email: Finaid@wilmu.edu

Student Information:

2019-2020 Loan Revision Request

_________________________________________________ W00_______________

Last Name

First

M.I.

Student I.D

_________________________ Phone Number

Section A: Revised Attendance? Please Check Term (s) if applies

2019-20 Term Dates: Fall: 09/03/2019 - 12/16/2019 Spring: 01/13/2020 - 05/03/2020 Summer: 05/11/2020 - 08/23/2020

Fall Only* Fall / Spring Fall/Spring/Summer

Spring Only Spring/Summer

Summer Only Fall / Summer

* The "Fall only" option is only available to students who are completing their program in December. Initial here if you are requesting a Fall Only loan and are petitioning to graduate in January 2020. _____________

Section B: Grade Level Change

Students whose grade level changes after a semester may be eligible for a loan increase. Please indicate the grade level change you achieved and the loan amount requested. See the reverse side of the form for borrowing limits for your grade level. You may indicate "MAX" for the amount if you wish to be awarded the maximum loan you are eligible to receive.

Freshman to Sophomore (Must have earned 31 credits) Sophomore (or Freshman) to Junior (Must have earned 61 credits) Undergraduate to Graduate (Must be fully admitted into graduate program & have Bachelor's degree conferred)

Increase Amount Requested (Total for year) $_________________

Initial here if you are willing to accept additional UNSUBSIDIZED loan to process increase request: ____________

Section C: Loan Increase (You may write "MAX" if you wish to be awarded the maximum loan you are eligible to receive)

Loan Amount requested $

Term(s)

Is this an additional amount or the total you are requesting for the year?

Additional Total

I am requesting funds to cover my outstanding balance only. Balance amount $________________Term(s): _______________

Initial here if you are willing to accept additional UNSUBSIDIZED loan to process increase request: ____________

Section D: Loan Decrease

Loan Amount DECREASE $

Term(s)

Section E: Additional Information: Please write any additional information here.

_______________________________________________________________________________________________ _______________________________________________________________________________________________

By signing here you also acknowledge that you must enroll at least half-time in courses pertaining to your degree program in each semester you wish to receive a federal loan.

Signature:___________________________________________________Date:___________________

Federal Stafford Loan Borrowing Limits

Note: the information below is general. Your actual loan eligibility may differ based on a number of factors including, but not limited to: borrowing history, budget/cost of attendance, expected family contribution (EFC), other aid/resources received.

Annual Stafford Loan Borrowing Limits

Dependent Undergraduates (parent's signature was required on your FAFSA):

Freshman (0-30 credits earned):

$5,500 up to $3,500 of which may be *Subsidized

Sophomore (31-60 credits earned): $6,500 up to $4,500 of which may be *Subsidized

Junior (61-90 credits earned):

$7,500 up to $5,500 of which may be *Subsidized

Seniors (91 and above credits):

$7,500 up to $5,500 of which may be *Subsidized

Independent Undergraduates (parent's signature was not required on your FAFSA) & Dependent Undergraduates

whose parents cannot borrow a Plus Loan:

Freshman (0-30 credits earned):

$9,500 up to $3,500 of which may be *Subsidized

Sophomore (31-60 credits earned): $10,500 up to $4,500 of which may be *Subsidized

Junior (61-90 credits earned):

$12,500 up to $5,500 of which may be *Subsidized

Seniors (91 credits and above):

$12,500 up to $5,500 of which may be *Subsidized

Graduate Students

$20,500 Unsubsidized Stafford Only

*Subsidized Stafford Loans do not accrue interest while student is enrolled at least half time.

Lifetime Stafford Loan Borrowing Limits

Dependent Undergraduates: $31,000 (up to $23,000 may be Subsidized)

Independent Undergraduates: $57,500 (up to $23,000 may be Subsidized)

Graduate Students:

$138,500 (Includes all undergraduate loans borrowed)

You may review your borrowing history at: (You will need to use the same FSA ID you use to sign your FAFSA to log into NSLDS to view your information and history.)

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