There are cancellation provisions for Perkins Loan borrowers who become:

• full-time teachers in elementary or secondary schools serving low income students, in the fields of math, science, foreign languages, or bilingual education, in a Head Start Program, or of children with disabilities; 
•  a qualifying full-time law enforcement or corrections officer;
• a full-time nurse or medical technician providing health care services;
• a full-time qualified professional provider of early intervention services; or
• a full-time employee of a child or family service agency providing services to both high-risk children from low-income communities and the families of such children.

Cancellation rates are 15 percent for first or second year of service, 20 percent for third or fourth year of service, and 30 percent for fifth year of service. The Head Start service cancellation is 15 percent for each complete year of service. Requests for deferments or cancellations should be directed to Hampshire's Perkins loan coordinator or our Perkins loan servicing agent.