Perkins Student Loan Information 

Exit Interview

Federal Regulation requires that all student loan borrowers attend an exit interview prior to leaving school where details concerning your loans will be discussed at length.  A letter will be received during the semester you are to graduate relating the specific location and time for the meeting.  It is important to keep an accurate graduation date and address with the loan department to assure our records are current.  Failure to complete an exit interview will result in a HOLD on transcripts and registration.

What happens during an exit interview?

Financial papers including a truth-in-lending letter and a repayment schedule will be given to you along with copies of promissory note(s) and other important information stating your rights, responsibilities, and counseling.

Please bring the following information with you to the exit interview:

Who to contact for more information?


Cash Payments:

Check Payments:

Credit Card Payments:

Deferment Options

Deferment forms are available at: 

Student Deferment:

Deferments can be granted one semester at a time while you are enrolled as a regular student for at least a halt-time course load.  Acceptance requires a written request by the borrower and certification of your enrollment status by the registrar's office at your school.  

Unemployment Deferment:

To apply for this deferment, individual MUST BE/HAVE BEEN searching for but unable to find full-time employment (at least three consecutive months at 30 hours a week).  You must complete a request for deferment form and attach proof of job search (copy of registration with employment office or a list of at least three places you have approached for employment within the past three months will suffice; list must include name of firm, address, phone number, and contact person).  Principal and Interest deferment.


Interest continues to accrue during this deferment.  Interest may be paid during or after deferment.

Forbearance Options:

There are several other deferment options available to those who borrowed prior to July 1, 1993.  Contact the Office of Student Accounts for more information.

Cancellation Options

Teacher Cancellation

Borrowers may receive accelerated cancellation at the rate of 15% of the loan for the 1st and 2nd year, 20% for the 3rd and 4th year, and 30% for the 5th year, for any one of the following:

Also, borrowers may receive 15% cancellation benefits, complete a request for postponement/deferment form at the BEGINNING of the benefit year.   After working for one full year, complete a request for partial cancellation form. 

Nursing Cancellation

To qualify, individual must have been employed full-time as a licensed practical nurse, a registered nurse, or other individual who is licensed by appropriate state agency to provide nursing services.

Medical Technician

To qualify, individual must have been employed full-time as an allied health professional, working in a field such as therapy, dental hygiene, medical technology, or nutrition.  You must assist, facilitate, or complement the work of physicians or other specialists in the heath care system.  You must be certified, registered, or licensed by the state agency within the state where you provide this service.

Employee of Child or Family Service Agency

To qualify, individual must have been employed full-time in a public or private non-profit child or family service agency. You must provide or supervise the provision of services to high-risk children and their families. High risk children are under the age of 21, are at risk of or have been abused or neglected, have serious emotional, mental, or behavioral disturbances, reside in placement outside the home, or are involved in the juvenile justice system.

Qualified Professional Provider of Early Intervention Service

To qualify, individual must have been employed full-time as a provider in a public or other non-profit program under public supervision. The agency must be in compliance with Section 676 (b) (a) of the Individual with Disabilities Education Act. Duties must comply with Section 672 (2) of the same act.

Law Enforcement

To qualify, individual must have been employed full-time in a local, state, or federal agency whose activities pertain to crime prevention. Primary responsibility is crime prevention, control, reduction or enforcement of criminal law. Activities include police efforts, criminal court jurisdiction, corrections, probation, or parole authorities. Agencies and positions whose primary responsibilities are civil, regulatory, administrative, or support are not eligible.

Cancellation rates for the above named benefits are 15% for the 1st and 2nd year, 20% for the 3rd and 4th year, and 30% for the 5th year.

Peace Corps/Vista

To qualify, individual must have served full-time for one complete year with Peace Corps or Domestic Volunteer Service Act of 1973 (Vista or Action). Cancellation rates are 15% for 1st and 2nd year, and 20% for 3rd and 4th year, for a maximum cancellation benefit of 70% of original loan.


To qualify, individual must have served active duty for twelve consecutive months in US Army, Navy, Air Force, Marine Corps or Coast Guard. In addition, borrowers with loans made after 6/30/72 must have been receiving combat pay and must have served in an area of hostility. Cancellation rates are 12.5% per year for 4 years maximum. The maximum cancellation benefit is 50% of original loan.

To receive any one of the above listed cancellation benefits,  complete a request for postponement/deferment form at the BEGINNING of the benefit year.  After one full year of service, complete a request for partial cancellation for service/employment. 

For information concerning any cancellation benefit not listed here, please contact the Office of Student Accounts.