Can you cancel your Federal Perkins Loan?

There are very few scenarios in which you can cancel your Federal Perkins Loan. Those scenarios include these:

  • The school you have chosen to attend closes prior to providing you with your anticipated degree.
  • You, as the recipient of the funds, die prior to completing the program.
  • You, as the recipient of the funds, become disabled and unable to continue your program of study.
  • The school you have chosen falsely certified your eligibility for the program.
  • You have been falsely enrolled in the program due to the theft of your identity.
  • You have chosen to serve full time in a public service capacity, including fire fighting, law enforcement, librarianship, military service or nursing.

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