Skip to main content

About us

We're the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly.

Learn how the CFPB can help you

If I have a Perkins loan and I am interested in Public Service Loan Forgiveness, what do I need to know?


Before you enroll in Public Service Loan Forgiveness, you should know that if you have a Perkins loan, you may be eligible for a different benefit if you work in certain public service professions. 

This benefit is known as Perkins loan cancellation. For each complete year of service, a percentage of the loan may be canceled. The total percentage of the loan that can be canceled depends on the type of public service performed.

If you choose to consolidate a Perkins loan into a federal Direct Consolidation Loan to become eligible for Public Service Loan Forgiveness, you will no longer be eligible for Perkins loan cancellation. You should understand your options before you choose to consolidate. More information about Perkins loan cancellation is available on the Federal Student Aid website .

Was this page helpful to you?

Please do not share any personally identifiable information (PII), including, but not limited to: your name, address, phone number, email address, Social Security number, account information, or any other information of a sensitive nature.

The content on this page provides general consumer information. It is not legal advice or regulatory guidance. The CFPB updates this information periodically. This information may include links or references to third-party resources or content. We do not endorse the third-party or guarantee the accuracy of this third-party information. There may be other resources that also serve your needs.