Unsubsidized Student Borrower Loans: Repayment while in school

kelsmom
Tue, 01 May 2018 15:50:35 +0000

Something for you to consider: If you repay a loan within 120 days of the date of disbursement, it is considered a cancellation. The origination fee (1.066%) and any interest that has accrued will be cancelled. You have to make sure the correct loan is being paid, so that the payment is processed as a “cancellation.”