Beginning July 1, 2016, you will no longer be able to submit an email request for a forbearance. A forbearance request form will need to be completed and submitted. Any questions concerning the completion of the form can be directed to our office.
Beware of Scams and Protect Yourself!
ATTENTION PERKINS LOAN BORROWERS: your FAFSA PIN serves as your electronic signature and provides access to your personal records. You should never give your FAFSA PIN or SSN to anyone, including commercial services that offer to help you complete your FAFSA, help you consolidate your loan, or resolve defaulted loans. Be sure to keep your PIN in a safe place!
Break in Cancelation Service Due to Condition Covered Under The Family and Medical Leave Act (FMLA):
The change allows a break in Perkins teacher cancelation service due to a condition covered by the FMLA, as is currently provided for in the FFEL and DL teacher forgiveness regulations. The regulation also allow for a break in service in the other Perkins cancelation categories due to a condition covered by the FMLA.
Teacher Cancelations: Under the new rule if a borrower is unable to complete an academic year of eligible teaching service due to a condition that is covered under FMLA, the period of qualifying FMLA condition does not constitute a break in teaching service if –
The borrower completes one half of the academic year; the borrower’s employer considers the borrower to have fulfilled his/her contract requirement for the academic year; and the borrower resumes eligible teaching service no later than the beginning of the next regularly scheduled academic year.
For cancelations in all other public service fields, the change states that: if the borrower is unable to complete a year of eligible service due to a condition that is covered under the FMLA, the period of the qualifying FMLA condition does not constitute a break in the required year of eligible service if the borrower completes at least 6 consecutive months of eligible service; and the borrower resumes eligible service no later than six months from the beginning date of the period of the qualifying FMLA condition.
Loan Interest 1098-E forms
are mailed by Jan. 31 of each year to borrowers who paid $600 or more in student loan interest during the previous year. This is interest paid on tuition loans, emergency loans, and Federal Perkins loans.