I am requesting a federal Perkins Loan cancellation based on my current financial situation. I have been working full time since graduating high school and have not had any additional income outside of my job. My monthly expenses are $1,500.00 and I do not anticipate receiving any additional funds until after April 30th. I would like to use the money to pay off my remaining balance on my car loan ($8,000) and make some payments towards my credit card debt ($9,000). I would like to keep the loan open for at least two years to ensure that I do not default on the loan. I understand that if I receive the loan, I may need to repay the government back over 10 years. If I do not receive the loan, I will still owe the government $10,000.00. I would like to know what my chances are of getting the loan cancelled. Thank you!