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/ Can I cancel a Direct Stafford Loan after I’ve applied?

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Yes. Before your loan money is disbursed (paid out), you may cancel all or part of the loan by notifying your school. After your loan money is disbursed, you may cancel all or part of your loan within certain timeframes. For details, refer to the Borrower’s Rights and Responsibilities Statement that accompanies your MPN.

Posted in: Direct Stafford Loan

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