Cancellation

You may qualify to have your PCL loan canceled, allowing the principal and interest to be paid off, either in part or completely.

Total and permanent disability—If you are unable to engage in any substantial gainful activity because of a medically determinable, permanent, and total impairment, the unpaid balance of your loan, including accrued interest, may be canceled. To claim this entitlement, complete and submit a formal written request with supporting documentation to Student Financial Collections. Include a physician’s statement with your request that certifies the date of onset, nature, and extent of your disability, along with copies of all medical records pertinent to the disability.

Death—If you die, the unpaid balance of your PCL loan, including accrued interest, may be canceled. The executor of your estate must submit a death certificate or other official proof which is conclusive under state law.

For more information, contact a Student Financial Collections representative.