Repayment Information

Deferment

If you meet certain eligibility criteria, you may be entitled to defer principle payments on your student loans. You may request a deferment from your loan servicer if:

  • You're enrolled at an eligible school at least half-time.
  • You're seeking and unable to find full-time employment.
  • Your loan servicer determines that you're suffering an economic hardship.
  • You're studying in an approved graduate fellowship program.
  • You're studying in an approved rehabilitation training program for the disabled.
  • You're on active duty with the military during war, national emergency, or military operation.

If you borrowed your first student loan before July 1, 1993, other deferment options may be available to you. See the Deferment Eligibility Chart or contact your loan holder.

It's very important that you continue to make payments on your loan until you're notified by your loan holder that your deferment has been approved.

Deferment Forms

The conditions for eligibility are detailed within the forms provided below:

In-School Deferment

Use the In–School Deferment Request form if you are enrolled at a college or university at least half–time.

Economic Hardship Deferment

You might be eligible for an economic hardship deferment if:

  1. You have economic hardship deferment under the Federal Direct Loan Program or the Federal Perkins Loan Program; or
  2. You receive public assistance, such as Aid to Families with Dependent Children, Supplemental Security Income, Food Stamps, or state general public assistance; or
  3. You are a Peace Corps volunteer; or
  4. You work full time and your monthly income does not exceed the larger of the Federal Minimum Wage Rate or 150% of the poverty guidelines for your family size and state.
Federal Minimum Wage Rate ($7.25 an hour) $1,256.67
Poverty Line for a Family of Two: All States (except Alaska and Hawaii), including District of Columbia $1,891.25
Poverty Line for a Family of Two: Alaska $2,365.00
Poverty Line for a Family of Two: Hawaii $2,176.25

Education Related Deferment

You might be eligible for an education related deferment if you are:

  • Engaged in a full-time graduate fellowship program.
  • Engaged in full-time rehabilitation training program.
  • Engaged in an internship/residency program.
  • Teaching in a designated teacher shortage area.

Temporary Total Disability Deferment

You might be eligible for a temporary total disability deferment if:

  • You are unable to work and earn money or go to school for at least 60 days in order to recover from an injury or illness. An uncomplicated pregnancy is not an injury or illness. If you are requesting this deferment based on a condition that existed before you applied for the loan, your condition must have substantially deteriorated.
  • Your spouse or dependent requires at least 90 days of continuous nursing or similar care from you, which prevents you from working at least 30 hours per week.

If your physician is uncertain if your disability will be permanent, apply for a deferment. You may receive up to 3 years of deferment for temporary total disability. If your disability is later determined to be permanent, you may then qualify to have your loans canceled.