Yes. A student can return Federal Direct Student loan funds to the U.S. Department of Education at any time. The return is done through the loan servicer that your loans have been assigned. If you do not know your servicer or do not have their information, do the following:
- Log onto to www.nslds.ed.gov (National Student Loan Data System) and select “Financial Aid Review” (FAFSA ID login information is required)
- Once in your account on NSLDS you will see:
- Each student loan ever borrowed and the college attended
- Each servicer assigned by the U.S. Department of Education to each
loan - Contact information for each servicer
- Contact your servicer for all information regarding your loan including
returning funds, repayment plans, etc.