Perkins Loan Cancellations

How to Apply

Award Procedure:
Reimbursements are made annually upon acceptance of the institution's Fiscal Operations Report.

Preapplication Coordination:
This program is excluded from coverage under E.O. 12372. This program is excluded from coverage under OMB Circular No. A-102.

Application Procedure:
In case of loans canceled under provisions of the National Defense Education Act, the institution receives funds from the Department of Education equal to the institutional contribution of the amounts canceled; for loans canceled pursuant to Title IV, Part E, of the Higher Education Act, the institution receives funds from the Department of Education to restore the full amount canceled. No application form is required. This program is subject to the provisions of OMB Circular No. A-110.

Deadlines:
None.

Range of Approval / Disapproval Time:
Reimbursements are made upon acceptance of the Fiscal Operations Reports.

Appeals:
None.

Renewals:
Not applicable. Payments are based on entitlement.