| * Includes death but not disability of the student for whom the parents
borrowed. This additional provision applies to any such student who dies
on or after July 23, 1992.
**Not eligible for discharge or cancellation based on current funding
levels.
***Service qualifies for deferment also.
****Service qualifies for deferment also for loans made on or after
July 1, 1993.
+This benefit applies to Perkins Loans made on or after July 23, 1992.
++Not eligible for discharge or cancellation based on current funding
levels, but borrower should apply for an economic hardship deferment.
+++Seven years must have passed between the date the loan became due
and the date the borrower files for bankruptcy (not counting deferment
or forbearance periods). If seven years have not passed, cancellation is
possible only if the bankruptcy court rules that repayment would cause
undue hardship.
++++For loans received on or after January 1, 1986.
^School falsely certified student's ability to benefit from the school's
training, school certified the eligibility of student who would not meet
employment requirements at the time of certification in the occupation
for which the training was intended, or there is an unauthorized signature
on student's loan documentation. |
