Financial Aid Office
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Financial Aid Announcements

Did you borrow more than you need?

If you received a large overage of financial aid, it might mean that you borrowed more than you need for educational costs. Student loan debt that will be waiting for you once you're no longer enrolled at least 6 credits.

You can return loan funds greater than your educational costs. See "Cancellation of Loan Funds" at www.stcloudstate.edu/billing/loans or check out repayment options with your loan servicer.

Returning additional funds beyond your tuition, fees, and book costs helps keep your debt load down, reduces interest on loans that accrue interest while you're in school, and reduces future monthly loan payments once you enter repayment.

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