1889: What to Do With Unused Student Loan Money by Melanie Lockert of Student Loan Planner on Reducing Debt Loans
Optimal Finance Daily - Financial Independence and Money Advice
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Returning Unused Federal Student Loan Money
The national association of student financial aid administrators suggests cancelling a portion of the federal loan before it's dispursed. You won't be charged any fees or interest on the returned funds as long as it's done within this time frame. How much time you have to return unused student loan money can differ by school and when they provide you with your loan cancellation letter.
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