Head Start
This type of partial cancellation is for service as full-time staff member of a Head Start program. A full-time staff member is defined as someone who is regularly employed in a full-time professional capacity to carry out the educational part of a Head Start program. The program must operate for a full academic year, or its equivalent, and the borrower's salary may not be more than that of a comparable employee working in the local educational agency.
Eligible Loans | Federal Perkins Student Loan |
Maximum % | 100% of original principal loan amount plus any interest that may have accrued during the year |
Maximum Years | 7 years |
1st - 7th Year % | 15% of original principal loan amount plus any interest that may have accrued during the year |