![]() To be considered eligible for this type of yearly partial cancellation, the borrower must be employed full-time in an eligible public or private non-profit child or family service agency for twelve consecutive months. Total and permanent disability or death of borrower Service beginning on or after, cancellation is 100% over 5 years max.įull-time law enforcement or corrections officerįull-time Peace Corps, ACTION, or AmeriCorps VISTA program volunteerįor loans made before, 100% of balance outstanding when cancellation is requested Armed Forces serving under hazardous duty payĥ0% (12.5% per year of qualifying service) for service through. Provider of early intervention service in a public or non-profit program under public supervision ![]() Provider or supervisor of the provision of services to high-risk children from low-income communities and their families Nurses and Medical Technicians providing health care services Librarian in or serving a designated low-income schoolįaculty at a Tribal college or university Speech Language Pathologist in a designated low-income school Teacher of pre-kindergarten or childcare program National Direct Loans (made prior to 7/23/92)įederal Perkins Loans (made prior to 7/23/92)įederal Perkins or National Direct Loans (made on or after 7/23/92)įull-time teacher in math, science, foreign languages, bilingual education, or any field of expertise determined by the state education agency to have a shortage of qualified teachersįull-time employment in a Head Start Programįull-time teacher of handicapped children in a public or non-profit elementary or secondary schoolįull-time special education teacher, including teacher of infants, toddlers, children, or youth with disabilitiesįull-time teaching in low-income school eligible for funding under Chapter 1 of the Education Consolidation and Improvement Act of 1981įull-time teaching in a public or non-profit elementary or secondary school, an institution of higher education, or an overseas Department of Defense elementary or secondary school Note: Boston College's own cancellation form along with a job description must be received for each year of eligible cancellation. The date the borrower's employment ceased, or a notice that the borrower will be continuing in their position for the next year.A statement that the borrower has completed the full year of full-time employment for the beginning and ending dates specified on the application form.In addition, for cancellation you must provide: Verification that the borrower is employed full-time.For deferment, if an official stamp or seal is unavailable, a letter on letterhead stationery providing the following information regarding the borrower is required: An official agency stamp or seal (not a notary or address stamp) is required for the deferment or cancellation form to be valid. This is usually done in the human resources department of the qualifying institution/agency. The borrower's employer must complete Part 2 of the form certifying that the employment information regarding the borrower's eligibility is correct. ![]() The borrower must fully complete Part 1 of the form. If the borrower changes jobs during the deferment period and is sure that the new position is eligible for loan cancellation, he or she must submit a cancellation form from both the previous and current employers at the end of the deferment. A cancellation form must be submitted for each year of eligible employment until the loan is either fully canceled or eligibility requirements are no longer being met.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |