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Your Loan Disbursement Notice

Date: 
Monday, August 28, 2017 - 11:45

From: University of Virginia <sfs[AT]virginia.edu>
Date: Mon, Aug 28, 2017 at 10:49 AM
Subject: Your Loan Disbursement Notice
To: 

 

Greetings from Student Financial Services.

We are writing to notify you that the University has received funds from the Department of Education (Federal Loan) or from your lending institution (Alternative Loan).  We are required by federal regulations to notify you at the time that the loan funds are received by the University on your behalf. No further action is required on your part, but we encourage you to log in to your SIS account to review the amount of your loan(s) and the actual disbursement date.

Your federal loan has disbursed to your account at the University of Virginia.  To see the details of the funds posted, please log in to your SIS account at www[DOT]virginia.edu/sis. The funds have applied to any outstanding balances that were due on your account in accordance with federal loan regulations. Please note that current-term financial aid cannot pay prior term past due balances.  If the loan disbursed is a Direct Parent PLUS loan, any refund is payable to the person designated on the PLUS application request form submitted to Student Financial Services.

In the event that the disbursement of your loan(s) results in a credit on your account, or if you simply anticipate this will be the case after reviewing your financial aid and charges, please consider providing direct deposit instructions through your SIS account for faster processing of any refunds.  For complete instructions, go to hXXp://sfs.virginia.edu/billing/refunds.

You have 14 days from the date of disbursement to cancel or modify this loan.  Requests for changes to your loan must be made to Student Financial Services by means of the Financial Aid Change Form - Decrease.  This form is located at httXX://sfs.virginia.edu/forms.  Choose the appropriate aid year and then print, complete, and submit the Change Form.  If you decrease your Direct Parent PLUS Loan and then later decide you wish to increase the amount of the loan, a new University of Virginia Direct Parent PLUS Loan application must be completed and submitted.

If you wish to cancel or reduce your loan(s):

MEDICAL STUDENTS, please contact the Medical School Financial Aid office for further information at 434[DASH]924-0033.

LAW STUDENTS, please contact the Law School Financial Aid Office for further information at 434[DASH]924-7805.

DARDEN STUDENTS, please contact the Darden School Financial Aid Office for further information at 434[DASH]924-7739.

All other students should complete the Financial Aid Change Form - Decrease available at hXXp://sfs.virginia.edu/forms.

PLEASE NOTE: If you are receiving a Perkins Loan, once you request a decrease or cancellation of the loan, we will NOT be able to later increase the loan amount.  Please be sure you wish to cancel or decrease your Perkins loan for the entire academic year prior to submitting such a request.  Direct Loans can be reinstated at a later time if you request a decrease and then find you need additional funds.

All Direct Loans, including Subsidized, Unsubsidized, Parent PLUS and Graduate PLUS, as well we all Perkins loans are submitted to the National Student Loan Data System (hXXp://www.nslds.ed.gov) and are accessible by authorized agencies, lenders, and institutions.

Please return the completed form to Student Financial Services at the address or fax number indicated on the form.  If you have questions, please contact us at sfs[ADT]virginia.edu.

Thank you from Student Financial Services.

hXXp://sfs.virginia.edu
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