<p>Do you have to accept or decline your student loans by May 1st?</p>
<p>No. You just need to be sure to accept or decline them before they are disbursed.</p>
<p>"How can a loan be adjusted or cancelled?
Loans can be cancelled or reduced via OneStart prior to the funds disbursing to the Office of the Bursar.
Log on to OneStart at <a href=“https://onestart.iu.edu%5B/url%5D”>https://onestart.iu.edu</a>
Click Student Self-Service tab on left side of the screen
Click Go to Student Center
Click View Financial Aid or click Accept/Decline Awards (under the Finances section)
Click the appropriate Aid Year
Click the Federal Direct Sub/Unsub Loan you wish to accept, decline, or adjust.
Click Submit button once the correct changes have been made.</p>
<p>Please note, loans can only be cancelled or reduced with our office before the funds have disbursed to the Office of the Bursar. If the disbursement has already occurred the student must contact the Bursar’s office to inquire about returning those funds. Furthermore, our office cannot increase any private or Federal PLUS loans once they have been certified. (Rather, if additional funds are needed, the student or parent must complete a new loan application for the additional loan amount if desired)."</p>
<p>[Office</a> of Student Financial Assistance : Frequently Asked Questions](<a href=“http://www.indiana.edu/~sfa/faq/index.html]Office”>http://www.indiana.edu/~sfa/faq/index.html)</p>
<p>Thank you so much!</p>