A program participant may cancel his or her loan redemption contract with the Authority by submitting written notification to the Student Loan Office. The participant assumes full responsibility for repayment of the full amount of his or her loan(s) or that portion of the loan(s) that has not been redeemed by the State in return for partial fulfillment of the five-year contract.
N.J. Admin. Code § 9A:10-4.7