Can I cancel my student loan if I change my mind, even if I’ve signed the promissory note agreeing to the loan’s terms?

Category: Loan Questions

Yes. Your school must notify you in writing whenever it credits your account with your loan funds. You may cancel all or a portion of your loan if you inform your school within 14 days after the date your school sent you this notice, or by the first day of the payment period, whichever is later. (Your school can tell you the first day of your payment period.)

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