Office of the Bursar graduation cap
The Billing and Payment Gateway of UMass Amherst

Volunteer Service

Maximum Amount Canceled: 
Up to 70% of the loan at the following increments: 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.
Eligibility: 
Perkins loans made on or after July 1, 1987 or NDSL loans made before July 1, 1987 for service performed beginning October 7, 1998

A borrower may cancel a portion of their loan for volunteer service under the Peace Corps or Vista Service. However, Americorp recipients cannot cancel a portion of their loan if they have received a national service education award for the same period of service (Subtitle D of Title I of the National and Community Service Act of 1990).