For employment as a full-time nurse or medical technician providing health care services, you may be eligible for partial cancellation of your Perkins Loan, if you meet certain criteria:
Eligibility as a Nurse
- a nurse is a licensed practical nurse, a registered nurse, or other individual who is licensed by the appropriate state agency to provide nursing services
Eligibility as a Medical Technician
A medical technician is an allied health professional (working in fields such as therapy, dental hygiene, medical technology, or nutrition) who:
- is certified, registered, or licensed by the appropriate state agency in the state in which he or she provides health care services
- assists, facilitates, or complements the work of physicians and other specialists in the health care system
Cancellation Rates for Nurse or Medical Technician
- 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.