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A deferment is the postponement of payment on a loan, in which during this time, the loan does not accrue any interest so long as the loan is subsidized.

You may qualify for a deferment while you are:

  • Enrolled at least half time in an eligible post-secondary school, studying full time in a graduate fellowship program, or an approved disability rehabilitation program.
  • Unemployed or meet our rules for economic hardship (limited to 3 years).
  • You may also be eligible for a deferment based on qualifying active duty service in the U.S. Armed Forces or National Guard. Refer to the MPN for your loan or contact the Direct Loan Servicing Center for more information about specific qualifications for deferment based on military service.
  • In most cases, you need to submit a deferment request form to your loan servicer along with documentation of your eligibility for the deferment (i.e., class schedule or unemployment papers).
  • If you've gone back to school and your loan servicer receives enrollment information that shows you're enrolled at least half time, it will automatically put your loans into deferment and notify you. You have the option of cancelling the deferment and continuing to make payments on your loan.
  • If you are in default on your loan, you are not eligible for a deferment or forbearance.

Last updated: 2016-06-15 10:28 AM 2082-8734-8386-3286
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