Deferments and Forbearances

Deferments and forbearances are temporary postponements of monthly loan payments for specified periods of time.

Examples of deferments include: pursuing at least half-time study at an eligible school; studying in a graduate fellowship program (including study outside the U.S.); enrollment in a rehabilitation training program for the disabled; seeking but unable to find full-time employment; or suffering from an economic hardship. Interest is not charged during a deferment on subsidized Direct student loans.

Examples of forbearances include: inability to make loan payments due to poor health or other acceptable reason; serving in a medical or dental internship or residency; or, serving in a position under the National and Community Service Trust Act of 1993, including AmeriCorps. A general forbearance is often used to cover a reason not listed above. A general forbearance may also be used to request reduced monthly payments. During a forbearance, interest is charged on subsidized and unsubsidized Direct student loans.

Requests for deferment or forbearance should be directed to your loan servicer. Check their website to see if you may print these forms or apply online.

Click here for more information about deferments and forbearances.