Maximum Amount Canceled:
Up to 100%
Eligibility:
Federal Perkins or NDSL/ Perkins Loans for service performed for 12 month period including or after August 14, 2008
- 15% of the original principal loan amount plus accrued interest for the first and second years of service.
- 20% of the original principal loan amount plus accrued interest for the third and fourth years of service.
- 30% of the original principal loan amount plus accrued interest for the fifth year of service.
Librarians with a master's degree in library science who are employed in an elementary or secondary school that qualifies for Title I funding, or in a public library that serves a geographic area that includes one or more Title I schools.