mjm247

I took out Perkins loans as an undergraduate and graduate student under the impression that I would be able to participate in the loan cancellation program for teachers who work in designated low-income schools.

I was careful to NOT consolidate these Perkins loans for the very reason that they would be elegible for cancellation. I was under the impression that at the END of my first year of teaching in a qualified school, I could apply for the first round of cancellations (15% for the 1st year of teaching.) Now, one of my schools told me that I was supposed to DEFER my loans during that entire first year of teaching, and then apply for the cancellation of those months that I defered. The deferment months MUST correspond to the months that I was teaching. Essentially they're telling me now that my first year of teaching won't count for cancellation. I'm afraid to bring this up with my other school, since the answer may be the same. First I want to hear the facts from an outsider. Has anyone heard about this?

On the website for the federal government, it says NOTHING of this complicated procedure.

http://studentaid.ed.gov/PORTALSWeb...sp?tab=repaying

Does anyone know about this? Can someone put me in contact with a lawyer if you think this may be a violation of the federal act?