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Student Aid Adjustment & Return of Financial Aid Funds

You can adjust or cancel your awards, even after they have been disbursed to you. Choose the scenario below that best describes your situation. Need help? Watch this video tutorial. If you're still having trouble completing this task in My ASU, clear your cache and/or try using a different browser.


You can reduce or increase the amount of the loan you are borrowing, even after you’ve accepted the loan. Just select the eForm for the correct aid year below and follow the instructions to adjust your award amount.

You can cancel your federal loans, Graduate PLUS loans or TEACH grant, even after you’ve accepted them. Just select the eForm for the correct aid year below and follow the instructions to cancel your award.

 

 

Your parent(s) can cancel or adjust the amount of a Parent PLUS Loan. You, the student, will need to complete a Parent Loan Action Request form to initiate the process, then the parent with the Parent PLUS loan will see a priority task in My ASU when they log in as a guest.

To cancel or reduce a loan that has already been disbursed, print and complete the pdf form for the correct aid year below. You will be required to pay back the portion of the funds that you cancel once they have been disbursed. You must submit the form to Financial Aid and Scholarship Services within 120 days of disbursement of your funds. If you wish to return the funds after the 120 day deadline, please contact your loan servicer to make payment arrangements.

 

Having trouble downloading a form?

If you are having issues opening one of the forms above, please follow these instructions:

  • Right-click on the form link and choose "Save link as...", or similar depending on your browser.
  • Choose a location on your computer to save the form.
  • Navigate to the location of the saved form on your computer and double-click it to open.
  • To view and complete a parent form, make sure the parent is logged into My ASU as a guest.

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