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.
Full-time fire fighters with a local, State, or Federal fire department or fire district.
A firefighter is an individual who is employed by a federal, state, or local fire fighting agency to extinguish destructive fires or provide fire fighting related services such as conducting search and rescue, providing hazardous materials (HAZMAT) mitigation, or providing community disaster support and, as a first responder, providing emergency medical services.
