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This form is used to request the cancellation of previously disbursed student loans at California State University, Los Angeles. It must be submitted within 14 days of the loan disbursement date to ensure processing. If canceled funds have already been received, repayment is necessary. The form requires signatures from both the student and, if applicable, the parent for PLUS loans.
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A loan cancellation request form is a document used by borrowers to formally request the cancellation of their loan, typically due to financial hardship or other qualifying circumstances.
Anyone who wishes to cancel their loan, especially those who believe they meet the eligibility criteria for cancellation due to specific circumstances like disability, school closure, or other federal qualifications, is required to file the loan cancellation request form.
To fill out the loan cancellation request form, the borrower must provide personal information, details about the loan, specific reasons for cancellation, and any required documentation to support their request.
The purpose of the loan cancellation request form is to formally initiate a process to relieve borrowers from the obligation of repaying their loans under specific conditions set by lenders or federal guidelines.
The information that must be reported includes the borrower's personal details, loan information (such as loan number and type), reasons for cancellation, and any supporting documentation that justifies the request.
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