Accepting loans for the spring term and not the fall term will work differently depending on the context.
If you are attending ASU only for spring semester AND were offered financial aid for fall and spring, your financial aid package will be cancelled partway through the Fall term due to lack of enrollment. As long as you are enrolled for spring, you will then be automatically repackaged as a spring-only student in November or December.
If you are attending both fall and spring at ASU but only want to accept the spring portion of your loans, you can submit a
Student Aid Adjustment form. You would indicate that you want to cancel the fall portion, and accept the spring portion.
If you attended another school in the fall and will be attending ASU in the spring, you must cancel any remaining portion (i.e., spring semester) of your Federal Direct Loans and Federal Pell Grant at your previous school. You may be asked to complete a
Mid Semester Transfer form. The Mid Semester Transfer form is a document you sign signifying you will cancel your aid at your previous school. If the aid is not cancelled, your financial aid at ASU may be reduced or cancelled.
If you borrowed a Federal Direct Loan at your previous school with an academic/loan period that overlaps with the academic/loan period at ASU, it may be possible that you will not be eligible to borrow additional funds until the following semester or aid year. If you borrowed more than half of your annual loan eligibility at another school during this same school year, you will only have the remaining of your
annual loan limits available for the current school year.
Need additional help? Access 24/7 live chat, create a case from
My ASU Service Center or call 855-278-5080.
