Cancellation is the forgiveness of a portion or all of a loan when the borrower has met certain employment requirements or when other regulatory conditions have been met. The borrower must submit an application each year he/she qualifies for cancellation.
Employment Related Cancellation Options
- Provider of Early Intervention Services or at Family Services Agency
- Nurse, Medical Technician or Firefighter
- Head Start Staff Member, Pre-K or Child Care Program Staff
- Law Enforcement, Corrections Officer, Public Defense Lawyer or Prosecuting Attorney
- Military
- Qualifying Teaching, Speech Language Pathologist and Librarian Services
- Volunteer Service in the Peace Corps or AmeriCorps VISTA
Other Cancellation Options