You may be eligible to cancel all or part of your loan if you are working in a field eligible for cancellation. Many types of loans have some provisions for cancellation privileges. These are listed below. All cancellations are over a five year period, unless otherwise noted.

Cancellation forms are completed on an annual basis. The cancellation forms must be certified by the school official, commanding officer, Peace Corps officer, or employer, as applicable.

Click here to obtain cancellation forms. To discuss your eligibility for a particular type of cancellation, write or call the Office of Student Loan Accounts & Collections.

Click here to view an instructional video on how to complete your Cancellation form.

Note: Payment is not required while you are in deferment prior to cancellation.

If you make any payments while you are eligible for partial cancellation, the amount paid cannot be refunded to you.

Note: Past due Bursar's balances do not qualify for cancellation.

Effective October 7, 1998, many new categories of cancellations are available to older Perkins Student Loans. Check the chart below or contact the Office of Student Loan Accounts for information regarding these new cancellations.

ELIGIBLE CANCELLATIONS FOR PERKINS AND UNIVERSITY LOANS

Types of Cancellation Perkins
Funds 97 & 98
7/1/93

Perkins
Funds 94 & 95
10/1/92 - 6/30/9

Perkins
Funds 93 & 96
7/1/87 - 9/30/92
Marquette
University Loans
General Teaching N/A N/A N/A
Low Income School Teaching. Click here to determine if your school applies. 100% 100% N/A
Handicapped School Teaching
--Orthopedically Impaired
--Specific Learning Disabilities
N/A
N/A
N/A
100%
Yes
Yes
N/A
N/A
N/A
Special Education Teacher 100% 100% f N/A
Teacher of mathematics, science, foreign languages, bilingual education, or any field with a shortage of teachers. To determine if you are in a shortage area Click here 100% 100% f N/A
Headstart Program a 100% 100% N/A
Professional Provider of Early Intervention Services 100% 100% f N/A
Provider or Supervisor of provision of services to high-risk children from low-income communities and their families 100% 100% f N/A

Full-time Nurse or Medical Technician
Click here for a list of qualifying Allied Health Professions

100% 100% f N/A

Military Service b
Click here for a list of eligible Hostile Fire Deployment Zones

100% 100% N/A
Peace Corps/Volunteer Services c, d 70% 70% N/A

Law Enforcement

100% 100% e, f N/A
Total Permanent Disability 100% 100% 100%
Death 100% 100% 100%
Bankruptcy - In some cases 100% 100% 100%
Firefighterg,h

100%

100% 100%

Notes:
a. 15% for each year of service
b. Serving in designated Hostile Fire Zones.
b. Cancellation is over a four year period, 12 1/2% per year.
c. Over a four year period.
d. Americorps service is not eligible for cancellation.
e. Loans disbursed after 11/29/90 only.
f. This is effective October 1, 1998. It is not retroactive to original date of employment.
g. Serving a local, State, or Federal Fire Department or fire district
h. Eligible employment may begin on or after 8/14/2008. Borrower must complete one full year of service beginning on or after 8/1/2008. While loans made earlier are eligible, employment prior to that date does not qualify for cancellation

 

ELIGIBLE CANCELLATIONS FOR HEALTH PROFESSIONS STUDENT LOANS

Types of Cancellation Dental
Fund 7
11/13/98
Dental
Funds 6 & 8
11/5/88 - 11/12/98
Dental
Fund 5
8/1/81 - 11/4/88
Nursing
Fund 15
11/13/88
Nursing
Fund 14
11/5/88 - 11/13/98
Nursing
Fund 13
10/2/81 - 11/4/88
Total Permanent Disability
(if approved by HHS)
100% 100% 100% 100% 100% 100%
Death 100% 100% 100% 100% 100% 100%
Bankruptcy - In Some Cases 100% 100% 100% 100% 100% 100%