Upon making a properly documented written request to the School, you are entitled to have up to 100 percent of the original principal loan amount of this loan canceled if you perform qualifying service in the areas listed in paragraphs below. A borrower may have all or part of his or her loan (including interest) canceled .
The Higher Education Act was amended to extend all service cancellations to all Perkins, NDSL, and Defense Loan borrowers who were previously ineligible as of October 7, 1998. However, only periods of qualifying service performed on or after October 7, 1998, are eligible for cancellation benefits if the borrower was not previously eligible due to the date the loan was made.
The following cancellation application procedures apply to any loan under this program.
The borrower applies for cancellation of his or her loan by obtaining the appropriate cancellation form from the student loan office of the school that made the loan. All Southern Utah University forms.
The borrower submits the form to the school, along with any supporting documentation the school requests, by the deadline the school establishes. Schools determine, based on the borrower's documentation, whether the borrower is entitled to have any portion of his or her loans canceled. This responsibility cannot be delegated.
With the exception of cancellations for Head Start, military, and volunteer service, the cancellation rate per completed academic year of full-time teaching or for each year of otherwise qualifying full-time service is:
Schools must automatically defer loans during periods of service for which schools also grant loan cancellation. Borrowers do not need to apply for these automatic deferments.
Schools may not refund payments made during a period for which the borrower qualified for a cancellation, unless the borrower made
the payment because of the school’s error.
A school may cancel a defaulted loan if the only reason for the default was the borrower’s failure to file a cancellation request on time. If the loan has already been accelerated, only eligible service performed prior to the date of acceleration can be considered for cancellation. A borrower is not entitled to cancellation for any eligible service performed after the date of acceleration.
Schools may cancel up to 100% of a Perkins Loan if the borrower has served full time in a public or non-profit elementary or secondary school system as a:
A full‑time teacher in a public or other nonprofit elementary or secondary school or in a school or location operated by an educational service agency that has been designated by the Department in accordance with the provisions of section 465(a)(2) of the Act as a school with a high concentration of students from low-income families. An official Directory of designated low-income schools and locations operated by educational service agencies is published annually by the Department. · a full-time special education teacher in a public or nonprofit elementary or secondary school system, including a system administered by an educational service agency; or · a full-time teacher, in a public or other nonprofit elementary or secondary school system who teaches mathematics, science, foreign languages, bilingual education, or any other field of expertise that is determined by the State Department of Education to have a shortage of qualified teachers in that State
A full-time qualified professional provider of early intervention services in a public or other nonprofit program under public supervision by a lead agency as authorized by section 632(5) of the Individuals with Disabilities Education Act. Early intervention services are provided to infants and toddlers with disabilities. Service in an Early Childhood Education Program), a portion of this loan will be canceled at the rate of 15 percent of the original principal loan amount
A full-time law enforcement officer for an eligible local, State, or Federal law enforcement agency; or · a full-time corrections officer for an eligible local, State, or Federal corrections agency.
A full-time nurse providing health care services; or · a full-time medical technician providing health care services.
A full-time employee of an eligible public or private non-profit child or family service agency who is directly providing or supervising the provision of services to high-risk children who are from low-income communities and the families of such children.
A full-time attorney employed in a defender organization established in accordance with section 3006(g)(2) of title 18, U.S.C.
A full-time firefighter for a local, State or Federal fire department or fire district.
A full-time faculty member at a Tribal College or University, as that term is defined in section 316 of title 20, U.S.C.
A full-time librarian who has a master’s degree in library science and is employed in an elementary or secondary school that is eligible for assistance under part A of title I of the Elementary and Secondary Education Act of 1965, or who is employed in a public library that serves a geographic area that contains one or more such schools.
A full-time speech-language pathologist who has a master’s degree and who is working exclusively with schools that are eligible for assistance under title I of the Elementary and Secondary Education Act of 1965.
A full-time staff member in the educational component of a Head Start program, or a full-time staff member in a pre-kindergarten or child care program that is licensed or regulated by the State. The program must be operated for a period comparable to a full School year and must pay a salary comparable to an employee of a local educational agency.
Upon making a properly documented written request to the School, I am entitled to have up to 50 percent of the principal amount of this loan canceled for qualifying service that ended before August 14, 2008, and up to 100 percent canceled for qualifying service that began on or after August 14, 2008, as: · a member of the Armed Forces of the United States in an area of hostilities that qualifies for special pay under section 310 of Title 37 of the United States Code.
For each completed year of service under the Military Cancellation provision that ended before August 14, 2008, this loan will be canceled at the rate of 12½ percent of the original principal loan amount.
For qualifying service that began on or after August 14, 2008, this loan will be canceled at the following rates:
Upon making a properly documented written request to the School, I am entitled to have up to 70 percent of the original principal loan amount of this loan canceled for qualifying service performed after the enrollment period covered by the loan as: