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Title IV ETSU Administered Loans - Cancellation Information

Table 1-6
Cancellations for 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 (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 schools 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 nonprofit child or family service agency, providing services to high-risk children from 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 5% first and second years; 20% third and fourth years; 30% fifth year 5% 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/ VISTA Volunteer Services None None 15% first and second years; 20% third and fourth years 15% first and second years; 20% third and fourth years (Perkins)
Total and permanent disability; death; qualified bankruptcy 100% 100% 100% 100%