How To Change Grad Plus Loan Amount

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To change the amount of a Grad PLUS loan, you typically need to contact the financial aid office at your school or university. Grad PLUS loans are federal loans available to graduate and professional students, and the loan amounts are typically determined based on the cost of attendance at your institution, minus any other financial aid you've received.

Here's a general overview of the steps you can take to change the amount of a Grad PLUS loan:

  1. Contact the Financial Aid Office: Reach out to the financial aid office at your school either by phone, email, or in person. They will be able to provide guidance on the process for adjusting your loan amount.

  2. Request a Loan Adjustment: Explain to the financial aid office why you need to change the loan amount. You may need to provide documentation or additional information to support your request, such as a change in your financial circumstances or unexpected expenses.

  3. Review Your Financial Aid Package: The financial aid office will review your request and determine if it's possible to adjust your Grad PLUS loan amount. They will take into account factors such as the maximum loan limits set by the Department of Education and any other financial aid you've already received.

  4. Complete any Required Forms: Depending on the school's policies, you may need to fill out additional forms or paperwork to request a change in your loan amount. Make sure to carefully follow any instructions provided by the financial aid office.

  5. Wait for Approval: Once you've submitted your request, you'll need to wait for the financial aid office to review and approve the change. This process can take some time, so be patient and follow up with the office if you haven't heard back within a reasonable timeframe.

  6. Accept the Revised Offer: If your request to change the loan amount is approved, you'll need to review and accept the revised financial aid package, which may include a new award letter detailing the updated loan amount.

  7. Disbursement of Funds: After accepting the revised offer, the financial aid office will adjust the loan amount accordingly, and the funds will be disbursed to your school to cover tuition, fees, and other educational expenses.

It's important to communicate openly and promptly with the financial aid office if you need to change your Grad PLUS loan amount. They are there to help you navigate the process and ensure you have the financial resources you need to pursue your education

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