Firefighter Cancellation

For employment as a full-time firefighter, you may be eligible for partial cancellation of your Perkins Loan made on or after August 14, 2008, if you meet certain criteria.

A firefighter is an individual who is employed by a federal, state, or local fire fighting agency to extinguish destructive fires or provide fire-fighting related services such as conducting search and rescue, providing hazardous materials (HAZMAT) mitigation, or providing community disaster support and, as a first responder, providing emergency medical services.

• first and second years; 15% of the original principal loan amount, plus the interest that accrued during the year.
• third and fourth years; 20% of the original principal loan amount, plus the interest that accrued during the year.
• fifth year; 30% of the original principal loan amount, plus any interest that accrued during the year.