34 CFR § 674.62 - No cancellation for prior service—no repayment refunded.
---
identifier: "/us/cfr/t34/s674.62"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "34 CFR § 674.62 - No cancellation for prior service—no repayment refunded."
title_number: 34
title_name: "Education"
section_number: "674.62"
section_name: "No cancellation for prior service—no repayment refunded."
chapter_name: "OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION"
part_number: "674"
part_name: "FEDERAL PERKINS LOAN PROGRAM"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "20 U.S.C. 1070g, 1087aa-1087hh; Pub. L. 111-256, 124 Stat. 2643; unless otherwise noted."
cfr_part: "674"
---
# 674.62 No cancellation for prior service—no repayment refunded.
(a) No portion of a loan may be cancelled for teaching. Head Start, volunteer or military service if the borrower's service is performed—
(1) During the same period that he or she received the loan; or
(2) Before the date the loan was disbursed to the borrower.
(b) The institution shall not refund a repayment made during a period for which the borrower qualified for a cancellation unless the borrower made the payment due to an institutional error.
(Authority: 20 U.S.C. 425 and 1067ee)
[52 FR 45758, Dec. 1, 1987. Redesignated at 59 FR 61413, Nov. 30, 1994]