Cancellation Argumentative Essay

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Cancellation Benefits This loan program provides you with an opportunity to cancel all or part of your loan for certain types of employment or service. For additional eligibility requirements, click on the highlighted phrase in the chart below. Cancellation Criteria | Federal Perkins National Direct Made on or after 07/23/92 | Federal Perkins Made Prior to 07/23/92 | National Direct Made Prior to 07/23/92 | National Defense | 1. Half-time enrollment | No Limit | 1. Total and permanent disability or death of borrower | 100% | 100% | 100% | 100% | | 2. Full-time employment in a Head Start Program | 100% (15% per year) | 100% (15% per year) | 100% (15% per year) | N/A | | 3. Full-time law enforcement or correction officer | 100%…show more content…
A supervisor, administrator, researcher or curriculum specialist is not a teacher unless s/he primarily provides direct and personal education services to students. Certain professionals, licensed by the State, can also qualify if the services are part of the educational curriculum for handicapped children. Such professionals include speech pathologists, audiologist, psychologists and counselors, physical or occupational therapists, and recreational therapists. Special Education Teachers. 100% cancellation over 5 years (15/15/20/20/30%) on NDSL/Perkins loans. Borrowers must be teaching infants, toddlers, children, or youths with disabilities, in a public or other non-profit elementary or secondary school system. Students may be aged birth to 21 years and require special education because of disability as defined in 602(3) of the Individuals with Disabilities…show more content…
100% cancellation over 5 years (15/15/20/20/30%) on NDSL/Perkins loans. "Nurse" is defined as a licensed practical nurse, a registered nurse, or other individual who is licensed by the appropriate State agency to provide nursing services. "Medical Technician" is defined as an allied health professional that is certified, registered, or licensed by the appropriate State agency. "Allied health professional" is someone who assists, facilitates, or complements the work of physicians and other specialists in the health care system. Peace Corp or ACTION Volunteer. 70% maximum cancellation over four years (15/15/20/20%) on NDSL/Perkins loans. Borrower can receive cancellation for each complete year of service as a volunteer in the specific programs. Military. Borrower can receive cancellation for each 12-month period of service as a member of the US Army, Navy, Air Force, Marines, or Coast Guard and serving in an area of hostilities that qualifies for special pay under USC 37 Sec. 310. For any year of service beginning on or after August 14, 2008, 100% cancellation over 5 years on NDSL/Perkins loans. For any year of service beginning prior to August 14, 2008, 50% maximum cancellation over four years (12.5% per year) on NDSL/Perkins

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