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 of Student Financial Aid and Scholarships to decline or refuse awarded Federal Direct PLUS loans.
Up to 14 Days after 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 after 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.
More than 120 Days after Date of Disbursement
Borrowers must contact their loan servicer (lender) for repayment
Last Reviewed
Last reviewed on 03/20/2024
Contacts
Bursar: (352) 392-0737
Office of Student Financial Aid and Scholarships: (352) 392-2244