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  2. To cancel a student loan application, you can12:Student loan cancellation is only possible under these circumstances3:
    1. Your school closed down while you were enrolled in their program.
    2. You were misled about your school’s programs or the school violated certain laws.
    3. Your school falsely certified your eligibility in order to receive a loan.
    4. Your school does not return the loan funds to the lender. In this case, the amount cancelled equals the amount the school was supposed to return.
    Learn more:
    If the application hasn't been fully submitted, you can cancel it from your online account on the lending website yourself or with a customer service agent online or over the phone. Canceling federal student loans is more complicated because specific requirements have to be met in order to earn that right.
    donotpay.com/learn/how-to-cancel-loan-application/

    If funds have not yet been issued, you may cancel your loan application by following these instructions:

      studentaidbc.ca/help-centre/applying-loans/how-d…

      Student loan cancellation is only possible under these circumstances:

      • Your school closed down while you were enrolled in their program.
      • You were misled about your school’s programs or the school violated certain laws.
      www.collegeraptor.com/paying-for-college/articles/…
       
    • People also ask
      How do I cancel my student finance application?If you’ve already registered on your course and want to cancel your student finance application, you’ll need to contact your university or college to do this for you. You need to register/enrol on your course at the start of your first term each year, otherwise we won’t be able to send you any payments!
      Where can I apply for a student loan cancellation?The application now is online in beta form and available through the Education Department’s Federal Student Aid office. More than 8 million borrowers applied for the debt cancellation over the weekend after the website was set live on Friday. “It’s easy,” Biden said. “It’s fast.”
      Can a student loan be canceled?Borrowers can now submit their applications to have their student loan debt canceled, President Joe Biden announced on Monday. “I recently announced my administration’s plan to relieve up to $20,000 in student loan debt if you received a Pell Grant and up to $10,000 if you didn’t,” Biden said Monday.
      How much did the Education Department cancel a student loan?The Education Department said the approved debt cancellation includes $5.2 billion for nearly 67,000 borrowers as a result of changes to Public Service Loan Forgiveness, $613 million for more than 54,000 borrowers through the SAVE Plan and $1.9 billion for over 39,000 borrowers through administrative adjustments to income-driven repayment counts.
       
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