Loan Adjustment Request Form

Loan Adjustment Request Form
Use the form below to review your annual loan limits based on your student type, and to help determine the appropriate loan adjustment request.

Disbursement dates can be found by visiting PCFAST in the Student Portal on the "My Finances" tab, or by accessing the PCFAST Tile in ONELogin.

*Please note: Decreased or canceled loans may result in a balance owed to Peirce at Lackawanna College.
Student ID*
Phone Number*
Student Name*

First NameLast Name
Student Email*
example@peirce.edu
Student Type (Undergraduate or Graduate)?*
Do you want to Reduce, Reinstate or Request a Credit Balance Return? *
Select 'Reduce' if you wish to reduce or decline the loans offered to you.

Select 'Reinstate' if you want to restore previously declined loans or increase loans you’ve already reduced.

Select 'Request a Credit Balance Return' if you’re unsure of the amount you need to borrow for tuition, fees, and books, but don't want to receive a refund or borrow more than your charges.

Select how you would like to reduce your Federal Student Loans. Reductions must be applied to your Unsubsidized Loan before your Subsidized Loan

	Requested Change	Current Award Amount	Requested Award Amount
Subsidized Direct Loan
Unsubsidized Direct Loan

Loan Level Eligibility – For reference only. The amount you are awarded may vary based on other eligibility factors.

Dependent Students -
- Freshman - $5,500 total ($3,500 max subsidized)
- Sophomore - $6,500 total ($4,500 max subsidized)
- Junior/Sentor - $7,500 total ($5,500 max subsidized)
Independent Students -
- Freshman - $9,500 total ($3,500 max subsidized)
- Sophomore - $10,500 total ($4,500 max subsidized)
- Junior/Sentor - $12,500 total ($5,500 max subsidized)

Select how you would like to reduce your Federal Student Loan.

	Requested Change	Current Award Amount	Requested Award Amount
Unsubsidized Direct Loan

Loan Level Eligibility – For reference only. The amount you are awarded may vary based on other eligibility factors.

Graduate Loan Limit Per Loan Period: $20,500 (Unsubsidized Only)

Aggregate Graduate Loan Limit: $138,500 *No more than $65,500 of this amount may be in subsidized loans. The graduate aggregate limit includes all federal loans received during any period of study.

Return Credit Balance Request
The credit balance on a student's account may be returned to the student’s loan lender for the current loan period. Unsubsidized loans will be returned first, followed by subsidized loans, if applicable. This process ensures that any unused Federal Student Loan funds are appropriately credited back to the lender. Credit Balance Requests must be submitted prior to the issuance of a refund; requests received after this time will be processed during the next disbursement cycle.

By submitting the Loan Adjustment Request Form, you acknowledge that loan adjustments are subject to eligibility and approval by Student Financial Services, based on federal and institutional policies. Adjustments may affect your loan amount, disbursement, and eligibility for other financial aid. Requests must be submitted with complete documentation and within specified timelines. Any approved adjustments will be processed accordingly, and you remain responsible for repaying any remaining loan balance. Student Financial Services will notify you of the decision, and any adjustments made will be reflected in PCFAST. Loan Adjustment Requests apply to one loan period; additional Loan Adjustment Request Forms may be required if your enrollment extends beyond the loan period during which you submit the form. Loan periods are typically two consecutive semesters. The college reserves the right to modify these terms at any time.*
By signing electronically, I acknowledge that the information provided in this form is accurate and complete to the best of my knowledge. I understand that my electronic signature is legally binding and holds the same weight as a physical signature. I agree to the terms and conditions outlined in this document and authorize Student Financial Services to process my request based on the information provided.*

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Undergraduate - Adjust Loan