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Rensselaer Polytechnic Institute
Rensselaer Polytechnic Institute
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The Graduate School, Rensselaer Polytechnic Institute

Division of Finance

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Cancellation Provisions

Loans Made On Or After July 1, 1987

You can receive partial cancellation for service in the Peace Coprs or VISTA. There is a four year limit. The first two years qualify for 15% each; and years three and four qualify for 20% each.

For Loans Made After November 28, 1990

You might receive partial cancellation if you were/are a full-time law enforcement or corrections officer. Up to 100% of the Student Loan Funds disbursed can be cancelled under this provision.

For Loans Made On Or After July 23, 1992

Cancellation provisions have been expanded to include the following services:

  1. Full-time special education teachers in a public or other non-profit elementary or secondary school system, or full-time qualified professional provider of early intervention services in a public or other non-profit program under public supervision.
  2. A teacher of any field of expertise considered by the state education agency to have a shortage of qualified teachers (i.e., mathematics, science, bilingual education, foreign languages).
  3. A full-time nurse or medical technician.
  4. An employee of a public/private non-profit child or family service agency who is providing or supervising the provision of services to "high risk" children and their families from low-income communities.