Cutting College Debt
Tuesday, November 6th, 2007
(pic by Robin Hutton)
Being debt free of college loans makes any one feel a whole lot richer.
The United States Department of Education has a policy that Perkins loan recipients are eligible to have their loans cancelled under certain circumstances. According to the federal regulation one provision is:
To qualify for a child or family service cancellation, an otherwise eligible borrower must be “providing or supervising the provision of, services to high-risk children from low income communities. These services must be provided directly and exclusively to high-risk children and families. The borrower must either provide the services him or her self or the borrower must directly supervise the service providers.”
Therefore, it is important that the job description you provide when you or an employee is seeking cancellation to focus on the description above and to work with the employer to adequately document the provision.
