06.18.09 | Can I cancel my Stafford loan?
Of course. No one is going to make you take a loan out you don’t want. You can just send the funds back you don’t need.
You may cancel all or part of your loan at any time by notifying your school before your loan is disbursed, and within certain time frames after your loan has been disbursed. These time frames and procedures for canceling a loan will also be explained in notices that the school is required to send you.
You should never take more funds than you need.
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Filed under: Federal Loans
