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Financing Law School

Adjusting Current Academic Year Loans

University of Denver Financial Aid

Now that classes have started, do you need to adjust the loans you planned to borrow for the 2017-18 academic year?

Returning a Refund
If you received a refund and you now realize you don't need all of it, you can return it (or a portion of it) to reduce your loan balance. To do, you just need to complete the Refund Return Form and submit it to the Bursar's Office with a check in the amount you'd like to return. The University of Denver will then return that amount to your servicer.

It's important that you follow the process outlined above instead of sending a check directly to your servicer. Here's why:

If you sent a portion of your refund directly to your servicer, they would treat it as a payment to your loan instead of reducing your actual loan balance. That means you would have to pay interest on the original amount you borrowed throughout the life of the loan. If DU sends the funds back on your behalf, your principle loan balance will be reduced, which will cost you less in the long run.

You have 30 days from the disbursement date to return a portion of your refund to reduce your loan balance. If you want to return money for fall semester, you'll need to do so before September 3rd.

Adjusting Spring Semester Loans
If you want to adjust the amount you plan to borrow for spring semester, just send an email to finaid@du.edu. To avoid delays, we recommend that you make that request before December 18th.

 

That's it for the email series! You made it! Hooray! We hope you found the series informative and helpful as begin your journey at the Sturm College of Law. We'll send you a survey about this series tomorrow—we'd love to have your feedback! And be sure to read future emails you receive from us; they always contain important information about your aid or additional steps you need to take.

Please contact us at any time if you have questions. Welcome to DU!

 

Want to review past emails? Check out the archives!

Contact Us

303.871.4020  •  finaid@du.edu  •  www.du.edu/financialaid

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