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system
are there any regulations regards end of loan payment procedures?
user
there are federal regulations that state that: as a result it can be assumed that when a loan is paid off, notification should be given to the borrower. there is not a penalty since schools are pretty good about recovering their money. it could be due to a simple human error or glitch in the system. i would email them again confirming that your perkins loan had been paid in full, just so you have documentation of it.
assistant