Student Loan Deferment

What is deferment? Deferment is where you are permitted to pause making your continuous monthly payments under certain criteria.

Although, if granted deferment, you must make sure you pay off any interest that pertains to other federal funded loans during the period of your deferment.  You either pay during deferment or right after the conclusion of your deferment period.

If you are granted deferment, the federal government will cover all of your interest towards your previously subsidized federally-covered loans during your period of deferment.

How do I know if I am Eligible?
Eligibility is in effect, if you meet the following criteria below:

• If you are enrolled at least part-time at a specifically eligible learning institution
• Committed to a full-time curriculum in a graduate level fellowship program
• Be a student with disability in a legit rehabilitation program
• Legitimately trying to find full-time employment, but completely unsuccessfully seeking it (max of three years)
• Dealing with financial difficulty in a time of need (max of three years)