What does "not a payoff" mean?

LPandArchie

New member
Ok so I received a letter from the Stafford loan borrower service department. It says that my total accrued interest is $0 and also the balance as of today's date is $0 (btw I cancelled my stafford loan before using any of the money towards college)

So I just wanted to know what "not a payoff" means :)
 
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