U.S. Federal Loan Adjustments and Requests

When accepting a loan, students can adjust the offered amounts by following the below steps:

• Go to Financial Aid Self-Service and select My Awards.
• Select the appropriate Award Year from the drop-down menu.

Scroll down to the Loans section and select the “Accept or Decline” link under Unsubsidized Loans or Grad PLUS Loans.

• Adjust the amounts listed next to each academic term desired (section outlined in red).

1. The total loan and any requested adjustments should not exceed federal annual loan limits:
   1. Unsubsidized Stafford Loan
      1. Most Adler students: $20,500
      1. PsyD students: $37,167
   1. Any amount requested will be less the loan origination fee deducted by the lender.
   1. Each year of borrowing increases debt and expected monthly repayment. The Office of Financial Aid encourages students to balance financial need and loan debt throughout the course of their studies.

• Click Accept.

Students may also be able to adjust amounts on loans that have already been accepted. Please see the instructions below:

1. Go to Financial Aid Self-Service and select My Awards.
2. Select the appropriate Award Year from the drop-down menu.

Scroll down to the Loans section and select the “Change loan amount” link under Unsubsidized Loans or Grad PLUS Loans.

• Adjust the amounts listed next to each academic term desired (outlined in red).

Note that students will only be able to make adjustments to amounts on terms of aid that have not yet disbursed.

Note that students will only be able to make adjustments to amounts on terms of aid that have not yet disbursed.

• To increase the amount on a loan that has already paid in for the term, students should submit a new loan request (see the section below).
  • To decrease the amount on a loan that has already paid in for the term, students should contact the Office of Financial Aid at financialaid@adler.edu.

• Click Submit Changes.

Students who would like to increase their financial aid can request a new loan by following the steps below:

• Go to Financial Aid Self-Service and select Request a New Loan.
• Select the appropriate Award Year from the drop-down menu.

• Enter the amount of additional aid to request and click Next.

• Option 1 requests the maximum financial aid for the year to allow for funding to cover living expenses.
  • Option 2 requests an alternate amount up to the maximum listed in Option 1.
    • The Office of Financial Aid encourages students to use this option as each year of borrowing increases debt and expected monthly repayment. We encourage students to balance financial need and loan debt throughout the course of their studies.
  • Any amount requested will be less the loan origination fee deducted by the lender.
    • Origination fees change annually and actual fees depend on the time that the loan is first disbursed.
    • Example: To receive an additional $100 refund, $100 + the fee must be requested.
  • If necessary, clarifying information may be entered into the Comments section for review when the Office of Financial Aid is processing loan requests.
    • Example: “I would like a refund of $1,000 per month” in case the actual amount listed on the request does not calculate the desired refund amount.

• Allocate the requested amount over the terms in the financial aid package by checking or unchecking specific terms. Click Next.

• Review the new loan request for accuracy and submit.