* Se habla español [divider style =» 0 ″][headline style =» 1 ″ align =» left»] TEACHER CANCELLATION [/ headline] If you have a loan from the Federal Perkins Loan Program you might
be eligible for loan cancellation for full - time teaching at a low - income school, or for teaching in certain subject areas.
Alternatively, teachers who agree to teach a high need field, such as a foreign language, math, or science can also
be eligible for loan cancellation.
There are some great options for those who are looking to consolidate after school, but for the Peace Corps, once you commit to a consolidation loan, your Perkins loans will no longer
be eligible for loan cancellation.
There are some great options for those who are looking to consolidate after school, but for the Peace Corps, once you commit to a consolidation loan, your Perkins loans will no longer
be eligible for loan cancellation.
Not exact matches
The percentage of your
loan that will
be eligible for cancellation depends on when the
loan was taken out, the type of
loan, and what type of service you perform.
Such a
loan is not
eligible for mortgage insurance
cancellation.
Corinthian borrowers who
are not
eligible for closed school discharges may still
be eligible for cancellation of their federal
loans through false certification or unpaid refund.
If you have federal Perkins
loans, you could
be eligible for partial
loan cancellation through work in the Peace Corps.
If you include your Perkins
loans in your Direct Consolidation, they will no longer
be eligible for cancellation.
If you received a Perkins
Loan, you may also
be eligible for a deferment while you
are working towards
cancellation on your Perkins
Loan.
Loans originated by Bank of Lake Mills include a feature which provides that, in the event of the borrower's death or total and permanent disability (as determined by us), the unpaid balance of the
loan may, at our sole discretion,
be eligible for cancellation.
Such a
loan is not
eligible for mortgage insurance
cancellation.
You will not
be eligible for the special Perkins
loan cancellations if you consolidate your Perkins
loan along with your other federal
loans.
If you think you might
be eligible for one of these
cancellations, it
is a good idea to gather more information and discuss this option with your
loan holder before consolidating with the Direct Loan prog
loan holder before consolidating with the Direct
Loan prog
Loan program.
If you obtained a Federal Perkins
Loans (no longer disbursed) before September 30, 2017, you can
be eligible for the Federal Perkins
Loan Cancellation and Discharge program.
Teachers who teach in a low - income school district, teach special education, or teach in a field that has a shortage of teachers might
be eligible for the Federal Perkins
Loan cancellation (so long as they have Perkins
Loans).
In addition to the types of forgiveness,
cancellation, and discharge shown above, you may also
be eligible for discharge of your federal student
loans based on borrower defense to repayment if you took out the
loans to attend a school that misled you, or engaged in other misconduct in violation of certain state laws, and if the school's act or omission directly related to your federal student
loans or to the educational services that you paid
for with the
loans.
There
is information about contacting your
loan servicer to apply and see if you
are eligible for forgiveness,
cancellation or discharge.
Perkins
loans, on the other hand,
are not
eligible for Perkins
Loan cancellation if they
are consolidated.
How you qualify
for Federal Perkins
loan cancellation and how much you
're eligible to have cancelled depends on your profession and time served in your position.
«Only AmeriCorps VISTA alumni who choose the stipend and have student
loans may
be eligible for up to 15 %
cancellation on certain types of
loans.
[/ headline] If you
are eligible for cancellation under any of the categories listed above, up to 100 percent of the
loan may
be canceled
for teaching service, in the following increments:
Right now, student
loans are not
eligible for cancellation by bankruptcy.
Corinthian borrowers who
are not
eligible for closed school discharges may still
be eligible for cancellation of their federal
loans through false certification or unpaid refund.
Federal student
loan borrowers
are eligible for the
cancellation of their
loans if they
are
Note: As of Oct. 7, 1998, all Perkins
Loan borrowers are eligible for all cancellation benefits regardless of when the loan was made or the terms of the borrower's promissory n
Loan borrowers
are eligible for all
cancellation benefits regardless of when the
loan was made or the terms of the borrower's promissory n
loan was made or the terms of the borrower's promissory note.
Federal student
loan borrowers
are eligible for the
cancellation of their
loans if they
are totally and permanently disabled or due to death.
The percentage of your
loan that will
be eligible for cancellation depends on when the
loan was taken out, the type of
loan, and what type of service you perform.
As with other federal student
loans, parent PLUS
loan are eligible for different federal repayment plans, and forgiveness and
cancellation programs.
Such a
loan is not
eligible for mortgage insurance
cancellation.