Student Aid Adjustment & Return of Financial Aid Funds

You can submit this form to Financial Aid and Scholarship Services to request an adjustment to your financial aid awards.

You have the right to cancel a portion or all of your loan(s) and /or Teach Grant which has  disbursed to you or your parent.  If you wish to cancel, contact the financial aid office within 120 days of disbursement of your funds. 

You must complete the Student Aid Adjustment Form to cancel your Federal Direct Subsidized/Unsubsidized or Graduate PLUS Loans or Federal Teach Grant. 

To cancel your Parent PLUS Loan, please have the parent who accepted the loan complete the Parent PLUS Loan Action Form.

Please be aware that you will be billed back the portion of the loan or grant that you selected to cancel/reduce since the aid was disbursed/applied to your student account. Cancellation or reduction of loan(s) and/or Teach Grant funds can create a balance on your ASU account that could affect any charges previously paid or refunds you may have received.

We will be unable to process any cancellation and/or reduction requests after 120 days from the date your funds were disbursed. If you wish to return the funds after the 120 day deadline then please contact your loan servicer to make payment arrangements.

Instructions

1. If you are returning loan funds already received in a check or direct deposit, please download the "Return of Financial Aid Funds form" below. For all other aid adjustments, please use the Student Aid Adjustment eForm.
2. Follow the instructions provided on the form.
3. Submit the form to Financial Aid and Scholarship Services.