Who May Use This Form

Only the borrower of the loan may use this form to request a change to a federal student loan. For example, a parent may not adjust a Federal Direct Student Loan because the student is the borrower, not the parent. Invalid requests will be denied.

When to Use This Form

This request must be completed no later than the due date noted on the bursar account statement showing the loan credit. Requests for cancellation/reduction of loans after this date will not be honored.

How to Use This Form

• Please note required fields are indicated by *, a red asterisk.
• The terms of use must be accepted by the borrower in order to process the request.
• If the borrower has been issued an IU e-mail account, it must be entered below. The IU e-mail account is the official means of communication with IU students.
• Multiple loans may be reduced/cancelled at the same time by using the "Add Request" button below.
• Cancellations/reductions for loans outside of the available terms may be requested of the Office of the Bursar via e-mail sent to bursar@indiana.edu.
• Nothing will be submitted until "Submit" is pressed.

Result of Using This Form

• Use of this form will result in the execution of the requested action. Requests will be processed in a timely manner and may not be reversed once completed.
• The request may be adjusted by the Office of Student Financial Assistance or the Office of the Bursar if all or part of the loan has already been credited or refunded.
• Unsubsidized loans will be reduced/cancelled before subsidized loans.
• Cancellation of the first disbursement of a loan will automatically cancel the second disbursement.
• Any refunds that have been issued by the Office of the Bursar may need to be returned in whole or in part.
• If this cancellation/reduction leaves an outstanding balance on the student's bursar account, the balance must be paid in full with personal funds by the due date to avoid late payment fees and other institutional penalties.

Acceptance of Stated Terms

I have read and understand the above information. I understand that I have the right to cancel or reduce my federal student loan(s). I wish to exercise this right as noted below.

Request 1

To request adjustments to additional loans, please click "Add Request" below. Nothing will be submitted until "Submit" is pressed.