Cancellation Chart

federal perkins, national direct, and defense loans

Type of Service	Defense Loans (made before 7/1/72)	National Direct Loans (made 7/1/72-6/30/87)	Perkins Loans (made after 6/30/87)	Perkins or Direct Loans (made after 7/22/92)
TEACHER
Full-time teacher in math, science, foreign languages, bilingual education, or in other fields designated as teacher shortage areas	None	None	None	15% first and second years; 20% third and fourth years; 30% fifth year
Full-time teaching handicapped children	15% per year up to 100%	15% first and second years; 20% third and fourth years; 30% fifth year	15% first and second years; 20% third and fourth years; 30% fifth year	15% first and second years; 20% third and fourth years; 30% fifth year
Full-time teaching in special education	None	None	None	15% first and second years; 20% third and fourth years; 30% fifth year
Full-time teaching in low-income school	15% per year up to 100%	15% first and second years; 20% third and fourth years; 30% fifth year	15% first and second years; 20% third and fourth years; 30% fifth year	15% first and second years; 20% third and fourth years; 30% fifth year
Full-time teaching in elementary, secondary, or higher education schools	10% per year up to 50%	None	None	None
EMPLOYMENT
Nurses and Medical Technicians providing health care services	None	None	None	15% first and second years; 20% third and fourth years; 30% fifth year
Full-time employee of a public or non-profit child or family service agency providing services to high-risk childrenfrom low-income communities and their families	None	None	None	15% first and second years; 20% third and fourth years; 30% fifth year
Full-time qualified professional provider of early intervention services	None	None	None	15% first and second years; 20% third and fourth years; 30% fifth year
Service in U.S. Armed Forces in an area of hostility		12.5% per year up to 50%; 4 year max	12.5% per year up to 50%; 4 year max	12.5% per year up to 50%; 4 year max
Full-time law enforcement (advances on or after 11/29/90)	None	None	15% first and second years; 20% third and fourth years; 30% fifth year	15% first and second years; 20% third and fourth years; 30% fifth year
Full-time service as staff member in a Head Start program	None	15% per year up to 100%	15% per year up to 100%	15% per year up to 100%
Full-time Peace Corps or VISTA volunteer	None	None	15% first and second years; 20% third and fourth years	15% first and second years; 20% third and fourth years
Total and permanent disability, death, or qualified bankruptcy	100%	100%	100%	100%