Will I have an opportunity to cancel my loan after I sign the Promissory Note?

Yes. Hostos Community College will notify you in writing whenever it credits your account with your Perkins Loan funds. This notification will be sent to you no earlier than 30 days before, and no later than 30 days after Hostos CC credits your account. You may cancel all or a portion of your loan if you inform the Bursar’s Office (Perkins Loan division) at Hostos CC that you wish to do so within 14 days after the date that Hostos CC sends you this notice, or by the first day of the payment period, whichever is later. The Bursar’s Office can tell you the first day of your payment period. If you receive Perkins Loan funds directly by check, you may refuse the funds by not endorsing the check.