Federal Perkins loan cancellation

Federal Perkins loan cancellation

If you took out a federal Perkins loan to pay for school, you could qualify for loan cancellation in a variety of ways.

Who’s eligible?

Perkins loan cancellation is a popular program among teachers, as many people who work in education might qualify. You might be a teacher, librarian, speech-language pathologist, or another type of education professional.

Other eligible occupations include, but aren’t limited to, firefighters, law enforcement officers, nurses, public defenders, and service volunteers. You might also qualify if you’re in the military.

What are the requirements?

You must have a federal Perkins loan and work in a qualifying profession. Most recipients work full time for at least one year. Additional eligibility requirements vary by profession, but they often involve working in a high-needs or critical shortage area.

How do you apply?

To learn more about Perkins loan cancellation and apply, speak with your loan servicer and school’s student loan office.

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