Perkins Loan Cancellations

Who Can Apply

Functional Categories:
Higher Education - General
Teacher Training

Applicants:
State (Includes District Of Columbia; Includes Institutions Of Higher Education And Hospitals)
Public Nonprofit Institution/Organization (Includes Institutions Of Higher Education, Hospitals)
Private Nonprofit Institution/Organization (Includes Institutions Of Higher Education, Hospitals)

Applicant Eligibility:
Higher education institutions (public, other nonprofit, postsecondary vocational and proprietary) meeting the eligibility requirements may apply.

Beneficiaries:
Quasi-public non-profit organization
Private non-profit institution/organization
Public nonprofit institution/organization
Education Professional

Beneficiary Eligibility:
For Federal Perkins and National Direct Loan borrowers with loans made on or after July 23, 1992, and for Federal Perkins National Direct and Defense loan borrowers with an outstanding balance as of October 7, 1998, on loans made before 7/23/92. Loan cancellation is available for service as a full-time teacher in a designated elementary or secondary school having a high enrollment of children from low-income families; as a full-time staff member in a Head Start Program; as a member of the Armed Forces (in an area of hostilities); as a volunteer in the Peace Corps or ACTION programs as a full-time law enforcement officer or corrections officer serving local, State, or Federal agencies; as a full-time special education teacher, including teachers of infants, toddlers, children, or youth with disabilities in a public or other nonprofit elementary or secondary school system, or as a full-time qualified professional provider of early intervention services in a public or other nonprofit program under public supervision; as a full-time teacher of mathematics, science, foreign languages, bilingual education, or any other field of expertise that is determined by the State education agency to have a shortage of qualified teachers; as a full-time nurse or medical technician; or as a full-time employee of a public or private nonprofit child or family service agency that is providing or supervising the provision of services to high risk children and their families from low-income communities. Cancellation provisions are different for loans made before July 23, 1992.

Credentials/Documentation:
Cancellation certificates require documenting public service. This program is excluded from coverage under OMB Circular No. A-87.