If you were awarded a loan for the current academic year, you are able to adjust and/or return the loan by working with the Financial Aid Office.
Before your loan is disbursed in accordance with Westminster’s loan disbursement dates, you should visit your Populi Financial tab to view the loan currently offered to you. At this time, you will be able to change the loan amount. If your loan has already been disbursed, you can return the loan funds or request an additional loan.
Return of Loan Funds
You may return to the government a portion or the full amount of loan funds disbursed to you up to 90 days from the disbursement date of the loan. The returned monies do not accrue interest or incur loan fees.
To return funds, please complete and submit a Loan Return Authorization Form as soon as you are able, and return the funds by check or cash to Westminster. You will be notified by the Financial Aid Office of the date when the funds have been returned to the government.
Requesting an Additional Loan
Should you need additional funds, you may request another loan by completing the Loan Request Form. We will contact you to give details regarding the next upcoming disbursement date.
Please note that students are able to take out a maximum of $20,500 per year in Direct Unsubsidized Loans.
Change in Enrollment Status
If your enrollment status changes, for example changing from full- to part-time, your eligibility for financial aid will be recalculated. If it is determined that you are ineligible for the full loan amount awarded, a subsequent loan disbursement will be adjusted or we will request that you return a portion of your loan funds to the government.