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 faculty members at a Tribal College or University.