Perkins Flashcards
What documents are needed for nurses/med tech/firefighters aside from a completed Perkins Deferment/Cancellation application?
(1) Typed and signed certification verifying full time employment and hire date on company letterhead; (2) employer certified job description duties; (3) copy of license or online verification
Who can apply for Perkins Cancellation?
Certified/Licensed Nurses, Med Techs, Firefighters, and qualifying teachers, speech language pathologists, and librarians
Are electronic signatures allowed for Perkins?
No
Can Perkins cancellation be done retroactively?
Yes
Whose signatures are required for the form?
- Borrower, 2. supervisor or HR admin
When can a person apply for cancellation?
Once the full year has been worked
Where can you find the school code?
On FSA, Federal School Code List of Participating Schools
At what point can a person apply for deferment?
The current or upcoming year
What documents are needed for teachers, etc aside from completed Perkins Deferment/Cancellation application?
(1) Typed and signed certification verifying full time employment and hire date on company letterhead; (2) employer certified job description (exempt low income school teachers); (3) librarians and speech pathologists must include copy of master’s degree
The deferment and cancellation dates are based on what?
Employee’s hire date
How many years are needed to obtain full cancellation?
Five years
Does a nurse need to be employed with a non-profit organization to obtain Perkins Deferment/Cancellation?
No, they just need to be certified, registered, or licensed by the state and employed full time
Who are the Perkins cancellation/deferment servicers?
UNISA, Heartland/ECSI, UAS (University Accounting Services)
What is the percentage of discharge in the first and second year of employment?
15%
What is the percentage of discharge in the third and fourth year of employment?
20%
