Deferment Options

Bursar's Office

Table 1-5 Deferments for Federal Perkins and National Direct Loans


Borrower is eligible to defer repayment: National Direct Loan made before 10/1/80 National Direct Loan made on or after 10/1/80 but before 7/1/93 Perkins Loan made before 7/1/93 Federal Perkins and Direct Loans made on or after 7/1/93
While enrolled at least half-time  (medical internship/residency excluded)  Yes (1) Yes* Yes* Yes*(2)
While seeking and unable to find full-time employment  No No No Yes*
Up to 3 years
While experiencing periods of economic hardship No No No Yes*
Up to 3 years
While engaged in service that qualifies for cancellation No No No Yes*
While serving in an eligible internship/ residency No Yes* 
Up to 2 years
Yes* 
Up to 2 years
No
While a member of U.S. Army, Navy, Air Force, or Coast Guard Yes 
Up to 3 years
Yes* 
Up to 3 years
Yes* 
Up to 3 years
No
While a Peace Corps volunteer or Vista volunteer Yes 
Up to 3 years
Yes* 
Up to 3 years
Yes* 
Up to 3 years
No
While a full-time volunteer for a tax-exempt organization in service comparable to Peace Corps or Vista No Yes* 
Up to 3 years
Yes* 
Up to 3 years
No
While an officer in the Commissioned Corps of U.S. Public Health Service No Yes* 
Up to 3 years
Yes* 
Up to 3 years
No
While temporarily totally disabled or unable to attend school or work because caring for temporarily totally disabled spouse/dependent No Yes* (3) 
Up to 3 years
Yes* (4) 
Up to 3 years
No
While on full-time duty as a member of the NOAA Corps No No Yes* 
Up to 3 years
No
While a mother of preschool-age children and starting or returning to work at salary no more that $1 above minimum hourly wage No No Yes* 
Up to 3 years
No
During period of hardship to the borrower, (prolonged illness or unemployment)** Yes Yes Yes No
During forbearance, if the borrower's Title IV loan repayment obligations equals or exceeds 20% of borrower's gross income or borrower qualifies for other acceptable reasons ** Yes Yes Yes No.

Notes:

  1. Defense Loans made before October 1, 1980, allow deferments of up   to 3 years for students enrolled less than half- time 
  2. Includes graduate fellowship, fellowship-supported study, and    approved rehabilitation programs. 
  3. Spouse only. 
  4. Spouse or other dependent.

 *This deferment is followed by a six-month grace period before repayment begins; during the grace period, principal need not be paid and interest does not accrue.

**Principal may be deferred, but interest continues to accrue