See Federal Perkins Loan Cancellation Provisions for list of available cancellation provisions. However, the borrower will be eligible for a deferment of payments and a subsequent 6-month grace period for those completed months of qualifying service. Certified documentation is required. The borrower must notify the Student Loan Department of any changes of employment or address.
Cancellation is a two-step process.
A deferment is done first. This means that you plan to be in an eligible period of cancellation for the next year. With proper certification, your loan is put into a deferment status. This will defer your loan, and payments do not become due during this time period. Just prior to the end of that deferment period, you will receive another form with which to actually cancel a portion of your loan for the prior time period.