Cancelling Your Federal Direct Parent PLUS Loan

If your loan has not yet been disbursed to you or your student, you can cancel it at any time in one of the following ways:

  • The student can follow these instructions to submit a Change in Aid Request to cancel the loan; or
  • The parent borrower can submit a written signed statement to our office either by mail or fax. Our contact information can be found here. Be sure to include the student’s name and UGA ID number on all correspondence. OSFA does not accept emails with attachments.

If your loan money has already been disbursed, either by crediting the funds to the student’s account or paying it directly to the student or the parent borrower, there are two ways to cancel all or part of the loan:

  • You can notify Student Accounts Services that you wish to cancel your loan within 14 days of their notification to you that the loan funds have been credited to the student’s account or by the first day of classes, whichever is later. If the loan funds have been used to pay for all of or a portion of the student’s account charges, you must make other arrangements to pay those charges prior to established deadlines.
  • Within 120 days of the date UGA disburses your loan money, you may return all or part of the loan to the U.S. Department of Education. Contact your loan servicer for instructions on how to do this.