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Cancellation Rates

Type of Cancellation
Rate and Year(s)

Head Start

15% for first through sixth year

10% for seventh year

Maximum cancellation of 100% of original loan

Peace Corps/VISTA

15% for first and second year

20% for third and fourth year

Maximum cancellation of 70% of original loan

All Others

15% for first and second year

20% for third and fourth year30% for fifth year

Maximum cancellation of 100% of original loan

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by fochsm last modified May 17, 2010 08:54 AM