https://ficoforums.myfico.com/t5/Student-Loans/Can-I-cancel-a-student-loan-I-just-got/m-p/567083#M3774 <!-- [if gte mso 9]&gt;&lt;xml&gt; &lt;w:WordDocument&gt; &lt;w:View&gt;Normal&lt;/w:View&gt; &lt;w:Zoom&gt;0&lt;/w:Zoom&gt; &lt;w:PunctuationKerning/&gt; &lt;w:ValidateAgainstSchemas/&gt; &lt;w:SaveIfXMLInvalid&gt;false&lt;/w:SaveIfXMLInvalid&gt; &lt;w:IgnoreMixedContent&gt;false&lt;/w:IgnoreMixedContent&gt; &lt;w:AlwaysShowPlaceholderText&gt;false&lt;/w:AlwaysShowPlaceholderText&gt; &lt;w:Compatibility&gt; &lt;w:BreakWrappedTables/&gt; &lt;w:SnapToGridInCell/&gt; &lt;w:WrapTextWithPunct/&gt; &lt;w:UseAsianBreakRules/&gt; &lt;w:DontGrowAutofit/&gt; &lt;/w:Compatibility&gt; &lt;w:BrowserLevel&gt;MicrosoftInternetExplorer4&lt;/w:BrowserLevel&gt; &lt;/w:WordDocument&gt; &lt;/xml&gt;&lt;![endif] --><!-- [if gte mso 9]&gt;&lt;xml&gt; &lt;w:LatentStyles DefLockedState=&quot;false&quot; LatentStyleCount=&quot;156&quot;&gt; &lt;/w:LatentStyles&gt; &lt;/xml&gt;&lt;![endif] --><!-- /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:&quot;&quot;; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:&quot;Times New Roman&quot;; mso-fareast-font-family:&quot;Times New Roman&quot;;} @page Section1 {size:11.0in 8.5in; mso-page-orientation:landscape; margin:1.25in 1.0in 1.25in 1.0in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} --><!-- [if gte mso 10]&gt; &lt;style&gt; /* Style Definitions */ table.MsoNormalTable {mso-style-name:&quot;Table Normal&quot;; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:&quot;&quot;; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:&quot;Times New Roman&quot;; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} &lt;/style&gt; &lt;![endif] --><P class="MsoNormal">You can cancel your loan. You have to pay sum assured and interest till date and there would be some paper work of the bank which you have to accomplish.</P> Thu, 03 Sep 2009 07:49:40 GMT Anonymous 2009-09-03T07:49:40Z https://ficoforums.myfico.com/t5/Student-Loans/Can-I-cancel-a-student-loan-I-just-got/m-p/558052#M3707 &nbsp;I would call my school but the aid office is closed. I took out a direct loan and validated by&nbsp; classes today. But I fell into some unexpected cash and able to pay for it. Is it too late to cancel?&nbsp; Tue, 18 Aug 2009 22:53:48 GMT https://ficoforums.myfico.com/t5/Student-Loans/Can-I-cancel-a-student-loan-I-just-got/m-p/558052#M3707 Anonymous 2009-08-18T22:53:48Z https://ficoforums.myfico.com/t5/Student-Loans/Can-I-cancel-a-student-loan-I-just-got/m-p/558322#M3712 Once you sign the Promissory note it is too late.&nbsp; However, you can always pay off the loan right now and hopefully have minimal extra fees/interest.&nbsp; Or if it is a subsidized loan, put the cash in a safe bank account and pay off the loan once you get out of school and in the meantime earn interest on your cash. Wed, 19 Aug 2009 14:38:57 GMT https://ficoforums.myfico.com/t5/Student-Loans/Can-I-cancel-a-student-loan-I-just-got/m-p/558322#M3712 Anonymous 2009-08-19T14:38:57Z https://ficoforums.myfico.com/t5/Student-Loans/Can-I-cancel-a-student-loan-I-just-got/m-p/567083#M3774 <!-- [if gte mso 9]&gt;&lt;xml&gt; &lt;w:WordDocument&gt; &lt;w:View&gt;Normal&lt;/w:View&gt; &lt;w:Zoom&gt;0&lt;/w:Zoom&gt; &lt;w:PunctuationKerning/&gt; &lt;w:ValidateAgainstSchemas/&gt; &lt;w:SaveIfXMLInvalid&gt;false&lt;/w:SaveIfXMLInvalid&gt; &lt;w:IgnoreMixedContent&gt;false&lt;/w:IgnoreMixedContent&gt; &lt;w:AlwaysShowPlaceholderText&gt;false&lt;/w:AlwaysShowPlaceholderText&gt; &lt;w:Compatibility&gt; &lt;w:BreakWrappedTables/&gt; &lt;w:SnapToGridInCell/&gt; &lt;w:WrapTextWithPunct/&gt; &lt;w:UseAsianBreakRules/&gt; &lt;w:DontGrowAutofit/&gt; &lt;/w:Compatibility&gt; &lt;w:BrowserLevel&gt;MicrosoftInternetExplorer4&lt;/w:BrowserLevel&gt; &lt;/w:WordDocument&gt; &lt;/xml&gt;&lt;![endif] --><!-- [if gte mso 9]&gt;&lt;xml&gt; &lt;w:LatentStyles DefLockedState=&quot;false&quot; LatentStyleCount=&quot;156&quot;&gt; &lt;/w:LatentStyles&gt; &lt;/xml&gt;&lt;![endif] --><!-- /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:&quot;&quot;; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:&quot;Times New Roman&quot;; mso-fareast-font-family:&quot;Times New Roman&quot;;} @page Section1 {size:11.0in 8.5in; mso-page-orientation:landscape; margin:1.25in 1.0in 1.25in 1.0in; mso-header-margin:.5in; mso-footer-margin:.5in; mso-paper-source:0;} div.Section1 {page:Section1;} --><!-- [if gte mso 10]&gt; &lt;style&gt; /* Style Definitions */ table.MsoNormalTable {mso-style-name:&quot;Table Normal&quot;; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:&quot;&quot;; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:&quot;Times New Roman&quot;; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} &lt;/style&gt; &lt;![endif] --><P class="MsoNormal">You can cancel your loan. You have to pay sum assured and interest till date and there would be some paper work of the bank which you have to accomplish.</P> Thu, 03 Sep 2009 07:49:40 GMT https://ficoforums.myfico.com/t5/Student-Loans/Can-I-cancel-a-student-loan-I-just-got/m-p/567083#M3774 Anonymous 2009-09-03T07:49:40Z