This type of partial cancellation is for service as full-time staff member of a Head Start program. A full-time staff member is defined as someone who is regularly employed in a full-time professional capacity to carry out the educational part of a Head Start program. The program must operate for a full academic year, or its equivalent, and the borrower's salary may not be more than that of a comparable employee working in the local educational agency.
|Federal Perkins Student Loan
|100% of original principal loan amount plus any interest that may have accrued during the year
|1st - 7th Year %
|15% of original principal loan amount plus any interest that may have accrued during the year