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

  • If your loan is still in an offered status on Athena, you can decline all or part of the loan online;
  • If you have already accepted your loan and now wish to cancel all or part of it, visit this page for instructions on completing a Change in Aid Request to cancel the loan.

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

  • You can notify Student Accounts Services that you wish to cancel your loan within 14 days of their notification to you that your loan funds have been credited to your 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 your 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.

You do not have to pay interest or the loan fee on the part of your loan that is cancelled or returned within the timeframes described above, and if you received an up-front interest rebate, the rebate does not apply. Your loan will be adjusted to eliminate any interest, loan fee, and rebate amount that applies to the amount of the loan that is cancelled or disbursed.

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