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Perkins Loan ServicesEmployment Deferment and Cancellations Listed below are several types of deferments that will allow you to cancel a percentage of your Perkins loan for each year you are employed in that field. It is your responsibility to keep our office current on any address changes or name changes that may prevent you from getting your mail. To apply for deferment, you must complete the appropriate form and send it in to our office at the beginning of the benefit period. To apply for a cancellation, you must send in a new form at the end of the benefit period which verifies the completion of your employment for the previous year. The same form can be used to defer and cancel your loan. Any payments that may have been made during a time period eligible for deferment cannot be refunded. Any interest that may have been paid will be transferred to your principal balance. After the period of deferment ends, your loan will go into a 6 month grace period and then into billing status. Approximately 2 months before your deferment ends, you will be mailed new forms to complete for the next period of deferment. Teaching
Child or Family Service Agency
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