Get the free Federal Perkins Request for Deferment and/or Partial Cancellation - slcc

This form is used by borrowers of Federal Perkins Loans to request deferment or partial cancellation based on specific qualifying employment. Complete all sections and submit for approval to the designated

How to fill out federal perkins request for

How to fill out Federal Perkins Request for Deferment and/or Partial Cancellation

1. Obtain the Federal Perkins Request for Deferment and/or Partial Cancellation form from your loan servicer or school's financial aid office.
2. Read the instructions carefully to understand the eligibility requirements for deferment or cancellation.
3. Fill in your personal details accurately, including your name, address, and account number.
4. Indicate the type of deferment or cancellation you are applying for by checking the appropriate box.
5. If applicable, provide documentation that supports your request, such as proof of unemployment, education, or qualifying public service.
6. Review your filled-out form for any errors or missing information.
7. Sign and date the form to confirm the accuracy of the information provided.
8. Submit the completed form to your loan servicer via mail or online as instructed.

Who needs Federal Perkins Request for Deferment and/or Partial Cancellation?

1. Individuals who have Federal Perkins Loans and are experiencing financial hardship.
2. Students currently enrolled in qualifying educational programs who wish to defer their loan payments.
3. People working in qualifying public service jobs seeking partial cancellation of their loan.
4. Borrowers who are unemployed or under specific hardship circumstances that qualify for deferment.

People Also Ask about

What is Federal Perkins Loan cancellation?

Perkins Cancellation. A borrower may have all or part of his or her loan (including interest) cancelled for engaging in teaching, public service, service in the Peace Corps or AmeriCorps*VISTA, or service in the military.

What is a Perkins Loan cancellation?

A borrower may have all or part of his or her loan (including interest) cancelled for engaging in teaching, public service, service in the Peace Corps or AmeriCorps*VISTA, or service in the military. In addition, loans may be discharged if the borrower becomes disabled or dies, or in certain cases involving bankruptcy.

Will student loans in deferment be forgiven?

If you're pursuing loan forgiveness, any period of deferment or forbearance may not count toward your forgiveness requirements. This means you'll stop making progress toward forgiveness until you resume repayment.

What is considered a Perkins Loan?

Loans made through the Federal Perkins Loan Program, often called Perkins Loans, are low-interest federal student loans for undergraduate and graduate students with exceptional financial need.

Can you defer a Perkins Loan?

Loan Types Eligible for Deferment All the deferments are available to Direct Loan, FFEL Program loan, and Perkins Loan borrowers. If you received a Perkins Loan, you may also be eligible for a deferment while you are working toward cancellation on your Perkins Loan.

Do you have to pay back Federal Perkins Loan?

A borrower must repay his or her loan, plus interest, in 10 years. This repayment period never includes authorized periods of deferment, forbearance, or cancellation. The repayment plan must be established and disclosed to the student before the student ceases to be enrolled at least half-time.

Do you have to pay back Federal Perkins Loan?

A borrower must repay his or her loan, plus interest, in 10 years. This repayment period never includes authorized periods of deferment, forbearance, or cancellation. The repayment plan must be established and disclosed to the student before the student ceases to be enrolled at least half-time.

For pdfFiller’s FAQs

What is Federal Perkins Request for Deferment and/or Partial Cancellation?

The Federal Perkins Request for Deferment and/or Partial Cancellation is a form that borrowers of Federal Perkins Loans can submit to request a temporary suspension of loan payments or a reduction in the amount owed due to qualifying circumstances.

Who is required to file Federal Perkins Request for Deferment and/or Partial Cancellation?

Borrowers of Federal Perkins Loans who are experiencing financial hardship, attending graduate school, or fulfilling certain criteria such as teaching or working in public service are required to file this request.

How to fill out Federal Perkins Request for Deferment and/or Partial Cancellation?

To fill out the request, borrowers must provide personal details such as name, contact information, and loan information, along with documentation of qualifying circumstances and signatures as required.

What is the purpose of Federal Perkins Request for Deferment and/or Partial Cancellation?

The purpose of this request is to provide relief to borrowers who are unable to make payments due to specific situations, allowing them to defer payments temporarily or reduce their loan amount if eligible.

What information must be reported on Federal Perkins Request for Deferment and/or Partial Cancellation?

Borrowers must report their personal information, loan details, eligibility circumstances, and any required supporting documentation to substantiate their request for deferment or cancellation.