海角社区

Skip to main content
NDMU logo
Menu
Home

Undergraduate Studies

Header Quick Links
Show — Header Quick Links Hide — Header Quick Links
  • Visit
  • Apply
  • Directory
  • About Us
    • About Us
    • History
    • Mission & Social Responsibility
    • Facts & Figures
    • Faculty and Staff Awards
    • Rankings and Recognition
    • Office of the President
    • Institutional Effectiveness
    • Consumer Information
    • Diversity and Inclusion
    • Directory
    • Contact Us

    •  
  • Admissions
    • Admissions
    • Apply Now
    • The College Tour
    • Undergraduate
    • Adult Undergraduate Studies
    • Graduate & Professional Studies
    • Online Degrees
    • International Students 
    • Business Office
    • Our Campus
    • Visit Campus
    • Tuition and Fees
    • Student Stories
    • Transfer Students
  • Financial Aid
    • Financial Aid
    • How it Works
    • How to Apply
    • How to Keep It
    • Financial Aid Calculator
    • Federal Work Study
    • Grants
    • Loans
    • Scholarships
    • Forms and Publications
    • Financial Aid FAQs
    • About Us / Contact Financial Aid
    • Consumer Information
    • Additional Resources
    • Policies
  • Academics
    • Academics
    • All Academic Programs
    • School of Arts, Sciences & Business
    • School of Education
    • School of Nursing
    • School of Pharmacy and Health Professions
    • School of Pharmacy Programs
    • Occupational Therapy Doctorate
    • Masters in Physician Assistant Studies
    • Undergraduate Studies
    • Adult Undergraduate Studies
    • Graduate & Professional Studies
    • Online at NDMU
    • Registrar
    • Pre-Professional Programs
    • Student Success
    • Career Center
    • Elizabeth Morrissy Honors Program
    • Trailblazers Scholar Program
    • Commencement
    • Study Abroad
    • Faculty & Staff
    • Office of Academic Affairs
  • Student Life
    • Student Life
    • Current Students
    • Parent and Family Engagement
    • Office of the Dean of Students
    • Accessibility
    • Counseling Center
    • Health & Wellness/Health Services
    • Housing & Residence Life
    • Mission & Ministry
    • Student Engagement and Community Programs
    • Public Safety
    • Service Learning
    • Student Services
    • Student Success
    • Contact Student Life
    • Commuter Resources
  • Athletics
    • Athletics
  • Giving
    • Giving
    • Ways to Give
    • Giving Societies
    • Capital Projects
    • Planned Giving and Montrose Society
    • Meet the Giving Department
  • Alumni
    • Alumni
    • Share News & Update Information
    • Tower Talk
    • Student & Alum Engagement Opportunites
    • Volunteer Opportunities
    • Meet the Alum Dept
    • Alumni Association
    • Alumni Weekend
  • News and Events
    • News & Events
    • Events Calendar
    • Annual Events
    • University Publications
    • Media Contact
  • Community
    • Community
    • Institutes
    • Summer Camps
    • A Child's Place
    • Event and Meeting Space Rentals
Breadcrumb
  1. 海角社区
  2. Admissions & Aid
  3. Financial Aid
  4. How to Keep It
  5. Policies
  6. Loan Cancellation Policy
  7. Loan Cancellation Policy

Loan Cancellation Policy

Learn how each loan type is awarded and the policy for cancelling and reinstating loans.

Direct Subsidized and/or Unsubsidized Loans 

The Office of Financial Aid awards Direct loans to students. For students who previously received Direct loans at 海角社区, there is no action required to receive the funds. The Office of Financial Aid uses a passive confirmation process and will assume the student wishes to receive the full amount listed on the award letter unless the student submits a Loan Revision Form to reduce or cancel the loans.  For students who are receiving Direct loans for the first time at 海角社区, there are two action steps required (master promissory note and entrance counseling).

Returning/Current Students

Returning/current students must complete the action steps by the priority deadline or the loan will be cancelled at that time. Current students who are awarded aid later and who have not completed the steps within 30 days of notification will have their loans cancelled. The student will be notified via email that the loan was cancelled.

New Students

New students should complete the actions steps for their loans by the priority deadline, if possible. If not, the loans will be cancelled 30 days after the semester has started. If the student is awarded later, the loans will be cancelled 30 days after awarding if the steps have not been completed. The student will be notified via email that the loan was cancelled.

Graduate PLUS Loans

The Office of Financial Aid indicates eligibility for Graduate PLUS loans for Pharmacy and GEI students only. All Graduate PLUS loan borrowers (both new and returning), must complete the action step of applying /being approved for the PLUS loan each year. Additionally,  for students who are taking a Graduate PLUS loan for the first time at 海角社区, a master promissory note must be completed. Graduate PLUS borrowers who require a cosigner must complete a master promissory note every year.

Returning/Current Students

Returning/current Students must complete the action steps by the priority deadline or the loan will be cancelled at that time. Students who are awarded aid later and who have not completed the steps within 30 days of notification will have their loans cancelled.

New Students

New students should complete the actions steps for their loans by the priority deadline, if possible. If not, the loan will be cancelled 30 days after the semester has started. If the student is awarded later, the loan will be cancelled 30 days after awarding if the steps have not been completed. The student will be notified via email that the loan was cancelled.

Reinstating Loans

To reinstate the Direct Subsidized/Unsubsidized or PLUS loans, the student and/or parent will need to complete the action steps and submit a Loan Reinstatement Request Form to request that the loan be reinstated. The action steps for each loan are listed in the loans section. The Loan Reinstatement Request form is available in the forms and publications section. 

CTA Menu
Show — CTA Menu Hide — CTA Menu
  • Request Info
  • Visit Campus
  • Apply Now

Follow Us

海角社区

4701 North Charles Street
Baltimore, Maryland 21210
410-435-0100

  • Contact Us
  • Map, Directions & Parking
Footer Utility Menu
Show — Footer Utility Menu Hide — Footer Utility Menu
  • NDMU Navigate
  • Bookstore
  • Compliance
  • Public Safety
  • Login
  • A Child's Place

漏 2024 海角社区. All rights Reserved.