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  6. Loan Refusals and Cancellations

Loan Refusals and Cancellations

Before Disbursement 

Student borrowers must accept their student federal loans though ONE.UF. Students may also reduce or cancel their Federal Direct Loan(s) through ONE.UF. Parent PLUS loan borrowers must notify the Office for Student Financial Affairs to decline or refuse awarded Federal Direct PLUS loans.

Up to 14 Days from Date of Disbursement 

If the Federal Direct Loan has already been disbursed, the student and/or parent PLUS loan borrowers are required to notify the University Bursar in writing within 14 days of disbursement to cancel the total amount of the loan that was disbursed.

Up to 120 Days from Date of Disbursement 

Students and/or parent PLUS loan borrowers may return all or a portion of the Federal Direct Loan(s) disbursed within 120 days of the original disbursement date to the University Bursar.  Payment must be in the form of a cashier’s check or money order prior to the funds being returned to the federal government on behalf of the borrower.

After 120 Days from Date of Disbursement 

Borrowers must contact their loan servicer (lender) for repayment

Last Revised

6/19/2019: reviewed content

Contacts

Bursar: (352) 392-0737

Ask Bursar Help

Office of Student Financial Affairs: (352) 392-1275