Perkins Loan Deferment Cancellation Form

The Federal Perkins Loan program, while no longer issuing new loans, still serves many borrowers who need to manage existing balances. One of the most common requests is a deferment cancellation a process that stops a current deferment period and returns the loan to regular repayment. This guide explains what the form is, who can use it, when its appropriate, and how to complete and submit it.

What Is a Deferment Cancellation?

A deferment allows eligible borrowers to temporarily postpone making payments on a Perkins Loan. During deferment, interest does not accrue, and the borrower is not required to make payments. However, circumstances can change, and a borrower may need to end the deferment early. A deferment cancellation accomplishes exactly that: it ends the deferment as of a specified date, causing the loan to resume normal payment obligations.

Who Can Request Cancellation?

• Current borrowers who have an active deferment on a Perkins Loan.
• Borrowers who have reached the maximum deferment period allowed (typically 12 months total).
• Students who are returning to school and wish to switch from deferment to an in-school status.
• Anyone who has been advised by their schools financial aid office that a deferment is no longer appropriate.

When Should You Cancel a Deferment?

Consider cancellation if any of the following apply:

• You have completed your degree and plan to enter the workforce.
• Your financial situation has improved and you can resume payments.
• You have reached the 12month cumulative deferment limit.
• Your school has changed its policy, making deferment unavailable for your program.
• You are consolidating your Perkins Loan into a Direct Consolidation Loan.

Key Parts of the Deferment Cancellation Form

The form is typically titled Perkins Loan Deferment Cancellation Request. Below is a summary of each section youll encounter.

How to Complete the Form

1. Gather your loan information. Log in to your loan servicers portal (often the schools financial aid office) to retrieve the exact account number and balance.
2. Download the correct form. Most schools provide a PDF on their financialaid webpage labeled Perkins Loan Deferment Cancellation Request. If you cannot locate it, call the aid office and ask them to email it to you.
3. Fill out each section completely. Incomplete forms are returned, causing delays.
4. Attach supporting documentation. If your reason for cancellation is economic hardship, you may need to attach a recent pay stub or tax return. For return to school, attach an enrollment verification letter.
5. Sign the form. Many campuses accept a typed name as an electronic signature; otherwise, print, sign, and scan.
6. Submit the form. Follow the schools preferred methodusually either:
   • Email to the designated financialaid address, or
   • Upload through the student portal.
7. Confirm receipt. After submission, contact the aid office within 48hours to verify that they have received and processed the request.

After Cancellation: What to Expect

Once the deferment is cancelled, you will receive a new repayment schedule. Key points include:

• Monthly payment amounts will be calculated based on the remaining principal and the standard 10year repayment term.
• Because Perkins loans do not accrue interest, the total amount you owe will not increase while you are in deferment, but it will begin to decrease once payments resume.
• If you experience financial difficulty after cancellation, you may be eligible for an incomedriven repayment plan or a new deferment request.

Common Questions

Can I cancel a deferment and get a refund?

No. Deferment cancellation does not generate a refund. It simply ends the period during which you were not required to pay.

What if I miss the deadline for canceling?

Most schools require the request to be submitted at least 30 days before the intended cancellation date. Late requests may be processed, but you could be charged for the missed payment period.

Do I need to fill out a new form if I want to defer again later?

Yes. Each deferment period requires a separate application and must fit within the 12month total limit.

Is there a fee for cancelling a deferment?

Federal Perkins Loans do not carry a fee for cancellation. Any charge would be a processing fee from the school, which is rare.

Sample Form Snapshot (for illustration only)

Below is a textual representation of what the form looks like. Use this as a checklist when you have the actual PDF.

------------------------------------------------------------Perkins Loan Deferment Cancellation Request------------------------------------------------------------Borrower Information  - Name: ________________________________  - SSN/Student ID: _______________________  - Address: _____________________________  - Phone: _______________________________  - Email: _______________________________Loan Details  - Account No.: _________________________  - Original Amount: $____________________  - Current Balance: $____________________  - Issuing School: _______________________Deferment Information  - Deferment Start Date: __/__/____  - Deferment Type: ______________________  - Requested Cancellation Date: __/__/____  - Reason (check one):       Economic Hardship       Return to School       Reached 12Month Limit       Consolidation       Other: ________________________Supporting Documents (attach):  - __________________________  - __________________________Authorization  I authorize the school to process this cancellation.  Signature: __________________________   Date: __/__/____------------------------------------------------------------        

Need Help?

If you encounter any difficulties while completing the form, contact your schools financial aid office. Most offices have specific staff members trained to handle Perkins Loan issues, and they can provide realtime assistance.

For additional federal resources, visit the U.S. Department of Educations website or call the Federal Student Aid Information Center at 18004333243.