Loan Cancellation
If a student wishes to cancel a Federal Stafford Student Loan, notification must be
done in writing (paper or electronic) sent to the Financial Aid Office (P. O. Box 10,
Melbourne AR 72556 or jgoff@ozarka.edu ).
Any loan funds not yet disbursed to the student can be returned by Ozarka to the
lender at the student's request.
If a student drops below half time (6 credit hours), loan funds not yet disbursed to the student will automatically be returned to the lender.
If a student drops below half time (6 credit hours), loan funds not yet disbursed to the student will automatically be returned to the lender.