How do I request a Student Loan Deferment?

Typically, an application form needs to be submitted as deferments are not automatically approved. For some types of Student Loan Deferment, you must also provide your servicer with additional documentation to show you meet the eligibility criteria for the type you are requesting. If you are enrolled at least part-time in an eligible school, you will most likely be placed into a deferment.

Contact the school you are attending for assistance if the deferment is not approved. Continue making payments on your student loan until you have confirmed your deferment. If you stop paying and it is not approved, your loan will become delinquent and you may default.

Am I Eligible for a Deferment?

There are several types of Student Loan Deferment requests.  Eligibility changes from one type of deferment to the next so it is important to review all of the options. They include:

• While you are attending at least part-time at a qualifying school and if you received a Direct PLUS Loan or FFEL PLUS Loan as a graduate or professional student.
• For an additional six months after you cease to be enrolled
• If you are a parent who received a Direct PLUS Loan or a FFEL PLUS Loan, while the student for whom you obtained the loan is enrolled at least part-time at a qualifying school, and for an additional six months after the student ceases to be enrolled at least part-time
• While you are attending an approved graduate fellowship program
• While you are enrolled in an approved rehabilitation training program for the disabled
• While you are unemployed or unable to find full-time employment, for up to three years
• While you are experiencing economic hardship or serving in the Peace Corps, for up to three years
• While you are on active duty military service in connection with a war, military operation, or national emergency
• If you were on active duty military service in connection with a war, military operation, or national emergency, for the 13-month period following the conclusion of that service, or until you return to college or career school on at least a part-time basis, whichever is earlier.

When is Deferment Right for Me?

If you are suffering a temporary event that is preventing you from paying your federal student loan, Student Loan Deferment may be a good solution. If you expect the event to be long-term, a better option may be to consider changing to an income-driven repayment plan. Income-driven repayment plans use your income and family size to determine your monthly payment. It is possible that this option can reduce your payment to zero.