The reason we cancel or adjust loans (and other aid) when you receive additional scholarships and grants is because we can’t allow you to have aid over your cost of attendance. Depending on the types of aid and amounts, the school will determine what gets cancelled/adjusted first. In most cases, the private loan will always be adjusted first…again, be glad.

Private loans have high, variable interest rates that are not tax deductible and are just plain a bad bargain if you have other options.

You should talk to a financial aid officer at your school for more information/clarification.

Good luck!

If you go to your school’s website, the link for Bursar will likely be on the homepage, if not, do a search on “Bursar office.”