Loans constitute a form of financial aid that requires repayment, regardless of program completion, satisfaction, or post-graduation employment status. Therefore, it's advisable to borrow only what is necessary to maintain manageable repayment obligations. 

Borrowers of all loan types have the right to cancel their loan.  Before your loan money is disbursed, you may cancel all or part of your loan at any time by notifying the school. After your loan is disbursed, you may cancel all or part of the loan within certain time frames.  

It is essential for students to carefully consider their borrowing options and to borrow responsibly to avoid excessive debt burdens after graduation.  The U.S. Department of Education has a loan simulator on their website.  Go to https://studentaid.gov/loan-simulator/ to estimate monthly student loan payments and choose a loan repayment option that best meets your needs and goals. You can also use it to decide whether to consolidate your student loans.