Perkins Loan Cancellation and Discharge
Perkins Loan Cancellation and Discharge can offer much-needed relief to those struggling with financial hardship. If you have a federal Perkins Loan, there are certain circumstances in which you may be eligible for loan cancellation or discharge. This article will explain the different types of Perkins Loan Cancellation and Discharge and when they may be available to you.
It is important to note that, similar to other federal student loans, there is no fixed amount of money that will be forgiven if you qualify for one of the loan cancellation or discharge programs. The total amount depends on your individual circumstances, such as your employment status or type of disability. There are four categories under which a borrower is eligible for Perkins Loan Cancellation and Discharge: death/disability discharge, military service cancellation, teacher cancellation, and public service forgiveness.
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