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Except for a couple of the public service Perkins cancellations, a borrower can expect to receive cancellation of up to a maximum of 100% of the Perkins Loan over a four or five-year period.
Loans made through the Federal Perkins Loan Program, often called Perkins Loans, are low-interest federal student loans for undergraduate and graduate students with exceptional financial need.
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.
To be eligible for a Perkins Loan, applicants must be all of the following: An undergraduate, graduate, or professional student with exceptional financial need. Enrolled full-time or part-time. Attending a school that participates in the Federal Perkins Loan Program.
If you have loans that have been in repayment for more than 20 or 25 years, those loans may immediately qualify for forgiveness. Borrowers who have docHubed 20 or 25 years (240 or 300 months) worth of payments for IDR forgiveness may see their loans forgiven in Spring 2023.

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If you have a Perkins loan, the detailed loan name will include the word Perkins.
A Perkins Loan is a type of federal student loan based on financial need. A Perkins Loan is a low interest, subsidized federal student loan, meaning you wont pay or collect interest while you are in school and during the grace period after you leave school.
You may be eligible for up to 100% loan cancellation for five years of service if you are a full-time employee carrying out the educational part of a Head Start, pre-kindergarten, or child-care program providing services for high-risk children and families in a low-income community, or supervising the provision of such

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