It depends on the timing of your withdrawal. If you withdraw within 14 days of the notice given that your account is being credited, you can cancel your entire loan and walk away debt free. If you don’t do this and you wait too long, there is a formula to input to find out what amount you will still be liable for.
It’s best to seek counsel if this applies to you. Call us for help on this today. You can reach us at 1-800- ERASE-DEBT or at www.studentloanlaw.com.