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Are Perkins loans going to be forgiven?

Although the Perkins student loan program has ended, the Perkins loan forgiveness programs havent. If you have a Perkins loan, you may be eligible for forgiveness, or if you consolidate your loans, you may qualify for other federal forgiveness options.

Do Perkins loans go away after 7 years?

Do student loans go away after 7 years? While negative information about your student loans may disappear from your credit reports after seven years, the student loans will remain on your credit reports and in your life until you pay them off.

Who is the loan servicer for Perkins Loans?

If you have Federal Perkins Loans that are not owned by ED, contact the school where you received your Federal Perkins Loan for details about repaying your loan. Your school may be the servicer for your loan.

Can I get my student loan forgiven if its in collections?

Private student loans are ineligible for forgiveness programs, regardless of whether the loans are in collections.

How do I get my Perkins Loan out of collections?

A borrower may rehabilitate a defaulted Perkins Loan by making nine consecutive, on-time, monthly payments. A rehabilitated Perkins Loan is returned to regular repayment status.