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Student Service Center Office of Financial AidCANTON34 Cornell Drive Canton, NY 13617 P: (315) 3867616 | F: (315) 3867930 inaid@canton.eduSTATE UNIVERSITY OF NEW YORK20242025 LOAN ADJUSTMENT REQUEST

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How to fill out loan adjustment request

01

Gather all necessary documents such as income statements, bank statements, and loan account information

02

Contact the lender or financial institution that provided the loan to inquire about the process for requesting an adjustment

03

Fill out the required forms provided by the lender, making sure to include accurate and up-to-date information

04

Submit the completed forms along with any additional requested documentation to the lender for review

05

Follow up with the lender to confirm receipt of the request and to inquire about the status of the adjustment

Who needs loan adjustment request?

01

Individuals who are struggling to make their loan payments due to financial hardship

02

Borrowers who have experienced a change in income or other circumstances that affect their ability to repay the loan

03

People who are seeking to lower their monthly loan payments or interest rates

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What is loan adjustment request?

Loan adjustment request is a formal application submitted by a borrower to request changes to the terms of their loan agreement.

Who is required to file loan adjustment request?

Any borrower who wishes to request changes to the terms of their loan agreement is required to file a loan adjustment request.

How to fill out loan adjustment request?

To fill out a loan adjustment request, borrowers must provide their personal information, loan details, proposed changes, and any supporting documentation.

What is the purpose of loan adjustment request?

The purpose of a loan adjustment request is to request changes to the terms of a loan agreement in order to better suit the borrower's financial circumstances.

What information must be reported on loan adjustment request?

The loan adjustment request must include the borrower's personal information, loan details, proposed changes, and any supporting documentation.

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