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If I scheduled a payment outside the plan, and financial aid pays my balance, will the scheduled payment automatically be cancelled?

April 26, 2017automatically Balance cancelled financial aid outside payment pays Plan scheduled

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If I scheduled a payment outside the plan, and financial aid pays my balance, will the scheduled payment automatically be cancelled?

1 Answer

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No. If you schedule a payment outside the plan, then make the payment by any other means, you must cancel the scheduled payment. However, if you schedule a plan installment and financial aid pays your balance, your plan installment will be considered paid.