Don’t Wait – Act now if you are having trouble making payments

If you are having difficulties making your student loan payments, there are many options to help and avoid default. Student loan forbearance or deferment is a temporary solution that stops or decreases your student loan payments during circumstances that have you struggling to repay your student loans. Only federal student loans qualify for deferment, not private student loans. 

What is a Deferment?

Deferment means your loan payments will be postponed for a period of time. When your application for deferment is approved and granted you will not have to make loan payments during that time. During deferment most subsidized loans won’t accrue interest but unsubsidized loans will always accrue interest during deferment (which means you’ll end up paying more).

Keep Paying

Until you are notified that your deferment is approved and granted you must continue to make loan payments or else your loan will become delinquent and you may default on your loan.

Pay Interest


Some loans will not accrue interest when in deferment, but others will continue to accrue interest. We encourage you to try to pay the interest while in student loan deferment if possible because if you don’t the additional interest will be added to your principal after the deferment period, this will increase your monthly payments and the total amount of the loan you must repay.

What type of deferment should I apply for?

Are you receiving public assistance, in the Peace Corps or have an extremely low monthly income?
Are you enrolled full time in a Graduate Fellowship Program?
Are you going through cancer treatments?
Are you enrolled at least half-time or full time in college or an eligible career training program?

In-School Deferment
Any borrower who is certified by an eligible school as enrolled on a full-time or half-time basis may receive this deferment. Download the In-School Deferment Application (PDF)

Are you enrolled in a program for physical or vocational rehabilitation or mental health, drug or alcohol treatment?
Are you currently or recently on active duty military service?

Military Service Deferment
If you are serving on active duty recently served during a war, military operation or national emergency you can postpone payments. Download the Military Service and Post-Active Duty Student Deferment Application (PDF)

Are you a parent with a PLUS Loan who has a student enrolled in school at full or half time?

Parent PLUS Borrower Deferment
Postpone payments if you are a parent with your student attending an eligible school at least half-time or greater, or a 6 months after the student is no longer enrolled. Download the Parent PLUS Borrower Deferment Application (PDF)

Are you currently unemployed or unable to find full-time employment?

Unemployment Deferment
This deferment type postpones payments for borrowers who are seeking full-time employment through registry with an employment agency or are receiving unemployment benefits. Download the Unemployment Deferment Application (PDF)

I don’t qualify for any of these deferments, what other options are there?

If you are having trouble making your student loan payment contact us right away. If you do not qualify for a deferment, you may be able to change your loan repayment plan to one with lower payments than you’re currently making.

Beware of Loan Deferment Scams

Unfortunately, many companies that offer student loan debt relief are trying to make money off people who need help with their student loans. You should never pay for help with a deferment of a student loan.

The following loan assistance services are free:

Learn more about loan deferment scams