FEDERAL PERKINS (NDSL) STUDENT LOAN CANCELLATION OR DEFERMENT REQUEST
To qualify for the cancellation benefits listed below you must serve in an eligible capacity for a full year (or if
teaching, for a complete academic year or two consecutive semesters). While you complete your year of
service/employment, you may defer the payments that would come due. Upon receipt of your completed form, we
will make a preliminary determination of your eligibility for cancellation. If it is determined that you will not qualify
for cancellation, we will deny your deferment request and payments will be due as billed. If it is determined that
you will be eligible for cancellation, we will suspend billing for payments due during your year of
service/employment. At the end of your year of teaching/service/employment, you must provide documentation of
having fulfilled the requirements in order to receive partial cancellation of your loan.
NOTE: A form may be submitted at the beginning of the year of
service/employment to Defer payments while eligible service is
performed. A second form may be submitted upon completion of the
year to receive partial Cancellation . All forms must cover a complete
year; partial years do not qualify you for cancellation.
Please note :
You may use a single form to cover both the benefit year that
has passed (cancellation) and may be used to cover the
upcoming year of service/employment (deferment). It will depend
upon your contract and your employer’s ability to certify the
form.
Cancellation Benefit Pertaining to Midwestern Graduates
Working as a Nurse or Medical Technician providing health care services. To qualify as a Nurse, you must be an
LPN, RN, or otherwise licensed by an appropriate State agency to provide nursing services. To qualify as a Medical
Technician, you must be certified, registered, or licensed by the governing State agency in the State where
you provide service. You must be employed 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 health care system.
INSTRUCTIONS
1.
Parts I-III must be completed by the borrower. Part IV must be completed by your employer. (We will return
it unprocessed if any information is missing.)
2.
Indicate your request for Deferment or Cancellation or both.
3.
Sign and date the form ( REQUIRED ). If your signature is missing, the form will be returned.
4.
Have your employment/service dates and your job duties certified by an official of the appropriate
organization. If an official seal or stamp of the organization is not available, your employer/organization must
submit verification of your service/employment on organization letterhead.
5.
If you changed employers during the year, you must submit a cancellation form from each employer. In
addition, there may be NO BREAKS between periods of employment.
6.
Return forms and supporting documentation to:
MIDWESTERN UNIVERSITY
SFS-Loan Repayment Office
555 31st Street
Downers Grove, IL 60515
Tel: 866-729-2698 * 630-515-6352 * 630-515-6353