Perkins Loan Cancellation: Who Qualifies and What You Get
Learn how teachers and special education professionals can have their Perkins loans cancelled through public service.
This program allows certain educators to have their Perkins loans forgiven based on their professional service in specific teaching roles.
Who it's for
This is designed for teachers working in schools serving low-income students or for individuals working in special education fields.
What you get
If you meet the service requirements, you can have up to 100% of your Perkins loans cancelled after completing five years of qualifying service.
What it costs you
There is no direct fee to apply, but you must take the time to contact the specific school that originally issued your loan to start the application process.
The catch to know
Because Perkins loans are older, many people have already consolidated them into different types of federal loans. If your loans were consolidated, they may no longer qualify for this specific cancellation program.
How to apply
- Identify the school that issued your original Perkins loan.
- Contact that school's financial aid office to request the cancellation application.
- Complete the required paperwork to prove your years of service.
- Follow the school's instructions to submit your documentation for review.