Is it possible to cancel my current education loan and reapply for another one for a different university or course?

Yes, you can cancel your current education loan and reapply for a new one for a different university or course.

- If the loan amount has not been disbursed yet, cancellation is usually straightforward - contact your lender and submit a formal request.
- If the loan has already been disbursed, you may need to return the funds first, and interest may have accrued. This process can take more time.
- Reapplying for a new loan is possible after cancellation, but it may involve additional processing and could affect your credit score.

If you need help with the process or want to explore modifying your existing loan, connect with your LeapScholar counsellor for personalized guidance.