Office of Student Financial Assistance

Indiana University | Bloomington

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Loan Cancellation/Reduction Request

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.

Only the borrower of the loan may request a change on the Loan Cancellation/Reduction Request form. For example, a parent may not adjust a Federal Stafford Loan because the student is the borrower. If you have a private loan that you would like to reduce or cancel, please contact our office directly.
Request 1

Mark each section. Only one loan per request. See Request 2 below for additional loans.

For the period:



(only applies to Kelley Direct students)

Loan Type



Please:



* Canceling the first disbursement of a loan will automatically cancel the second disbursement.
** Unsubsidized loans will be adjusted before any changes are made to subsidized loans.

Request 2

Mark each section. Only one loan per request.

For the period:



(only applies to Kelley Direct students)

Loan Type



Please:


* Canceling the first disbursement of a loan will automatically cancel the second disbursement.
** Unsubsidized loans will be adjusted before any changes are made to subsidized loans.

Important Information
  • This request must be completed no later than 30 days from the date on the notification e-mail or letter stating that loans have been applied to the student's bursar account. Requests for cancellation/reduction of loans after 30 days will not be honored.
  • If this cancellation/reduction leaves an unpaid balance on your bursar account, you must pay that balance with personal funds to avoid late payment fees and other institutional penalties.
  • The Office of Student Financial Assistance may adjust a subsequent loan disbursement if the first disbursement has already credited to your account.
  • The Office of the Bursar may adjust the amount to be reduced or cancelled if all or part of your loan has been refunded. You may be asked to return all or part of a refund check.

I have read and understand the above information. *

* Required

Personal Information

Borrower Name: *

Student Name (if different from borrower name):

Student's 10 digit University ID number: *

Last 4 digits of PLUS borrower SSN:

IU E-mail Address (if student): *

Daytime Phone #:


* Required