If you become a police officer, can your student loans be forgiven?
I read on a student loan pamphlet that outstanding Perkins loans can be paid off, is this true?
Yes, your Perkins loans (not your Staffords) can be forgiven if you are a law enforcement or corrections officer. Up to 100% of your Perkins loan can be forgiven — the exact percentage depends on how long you have worked in your field (generally, they forgive 20% of the loan per year for five years). Because Perkins loans are held and administered by your school, there is no standardized cancellation form, so just contact your school (or the 3rd party servicer who bills you) to see what their application process is. Good luck!
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I don't see how. But I could be wrong. But that would be an a lot of trouble to go through just to get your student loans forgiven.
References :
November 22nd, 2008 at 1:52 pm
Yes, your Perkins loans (not your Staffords) can be forgiven if you are a law enforcement or corrections officer. Up to 100% of your Perkins loan can be forgiven — the exact percentage depends on how long you have worked in your field (generally, they forgive 20% of the loan per year for five years). Because Perkins loans are held and administered by your school, there is no standardized cancellation form, so just contact your school (or the 3rd party servicer who bills you) to see what their application process is. Good luck!
References :
https://www.uaservice.com/Cancel.html
November 22nd, 2008 at 2:41 pm
No not in Asian countries
References :
November 22nd, 2008 at 3:30 pm