Undertake service as a full-time teacher in a public or other non-profit elementary or secondary school which is in a school district of local educational agency which is eligible for funds under Title I of the Elementary and Secondary Education Act of 1965 and which has been designated by the Secretary in accordance with the provisions of Section 465 (a) (2) of the Higher Education Act as a school with a high enrollment of students from low income families;

Undertake service as a full-time teacher of handicapped children (including mentally retarded, hard of hearing, deaf, speech impaired, visually handicapped, seriously emotionally disturbed, orthopedically impaired, children with specific learning disabilities or other health impaired children who by reason thereof require special education and related services) in public or other nonprofit elementary or secondary school system.

 Undertake service as a full time staff member of a Head Start program if that Head Start program is operated for a period which is comparable to a full year in the locality and my salary is not more than the salary of a comparable employee of the local education agency.  Cancellation will be at the rate of 15% of the total principal amount plus the interest on the unpaid balance for each complete school year or the equivalent of service in a Head Start program.

Undertake service as a full time special education teacher, including teachers of infants, toddlers, children or youth with disabilities in a public other non-profit elementary or secondary school system.

Undertake service as a full-time qualified professional provider of early intervention services in a public or other non-profit program under public supervision.

Undertake service as a full time teacher of mathematics, science, foreign languages, bilingual education, or any other filed of expertise that is determined by the state education agency to have a shortage of qualified teachers.

Undertake service as a full-time nurse or medical technician providing health care services.  A medical technician is considered a allied health professional (working in fields such as therapy, dental hygiene, medical technology or nutrition) who is certified, registered or licensed by the appropriate state agency in the state in which he or she provides health care services; and allied health professional is someone who assists, facilitates or complements the work of physicians and other specialists in the health care system.

Undertake service as a full-time employee of a public or private non-profit child or family service agency who is providing or supervising the provision of services to high risk children who are from low income communities and the families of those children.

The average cancellation rate is:   
15% - first and second years
20% - third and fourth years
30% - fifth year

You may also qualify for cancellation if you serve as a member of the Armed Forces of the United States (in an area of hostilities that qualified for special pay under Section 310 of Title 37 of the United States Code), up to 50% of the principal amount of this loan plus interest thereon will be cancelled at the rate of 12 ½% of the total principal amount plus interest on the unpaid balance for each complete year of service.