If you have already accepted more loan money than you need, the primary contact should be your school's financial aid office. They handle the disbursement of loan funds and can guide you through the process of returning any excess loan money

. For federal student loans, if it is within 120 days of the loan disbursement, you can return the unneeded funds to your loan servicer or through your school's financial aid office to avoid paying interest and fees on the excess amount

. After 120 days, you can still repay the excess amount but will be responsible for any accrued interest and fees

. To summarize:

• Contact your school’s financial aid office first to inform them about the excess loan money and to understand the process for returning it

• If it is a federal loan and within 120 days of disbursement, you can return the funds to reduce your loan principal without extra charges by contacting your loan servicer as well

• If more than 120 days have passed, you can make a payment to your loan servicer to repay the excess, but interest will apply

This approach helps minimize your debt and interest costs by properly returning any unneeded loan funds.