Federal Student Loan Deferment
As long as you can demonstrate that you meet the conditions for the type of deferment you are requesting, you are entitled to a deferment on your federal loans.
Note: Not all federal loans qualify for every type of deferment. In addition, borrower benefit programs may be revoked or suspended during periods of deferment. Please review the request forms thoroughly or call us at (800) 243-7552 if you have questions.
Interest During Deferment
Interest accrues daily on student loans. Interest that is not paid during deferments capitalizes, or is added to the principal balance of your loans, at the end of the deferment period.
The government pays accruing interest on subsidized federal loans during deferments.
You are responsible for interest that accrues on unsubsidized federal loans. Deferring payments for an extended period of time may substantially increase your loan balance. We strongly encourage you to make payments that at least cover your accrued interest to avoid increases in your loan balance.
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Are you serving or have you served in active duty?
You may qualify for a Military Service Deferment if you do one of the following:
- Serve on active duty during war, other military operation or national emergency.
- Perform qualifying National Guard duty during war, other military operation or national emergency.
You may qualify for a Post-Active Duty Student Deferment if all the following apply:
- You are a member or a retired member of the National Guard or other reserve component of the Armed Forces.
- Your service includes a period on or after Oct. 1, 2007.
- You were enrolled at an eligible school at least half time, as defined by your school, when you were called to active duty or within six months before you were called to active duty.
Download the Military Service and Post-Active Duty Student Deferment Request form (PDF). Note: A representative may complete and sign the Military Service Deferment form on your behalf if you are unable to do so.
Learn more about additional repayment benefits available for your federal and/or private loans due to your military service.
Are you enrolled in school at least half time?
You may qualify for an In-School Deferment if you are enrolled in school as either a full-time or half-time student as defined by your school. Note: If you have both federal and private student loans serviced by Aspire Servicing Center, all your loans will be placed on in-school deferement if you submit the federal In-School Deferment Request form to us.
Federal loan borrowers download the In-School Deferment Request form (PDF).
Are you unemployed?
You may be eligible for an Unemployment Deferment if you have federal loans and are unemployed.
Download the Unemployment Deferment Request form (PDF).
Are you experiencing financial problems?
You may qualify for an Economic Hardship Deferment if you:
- Are granted an economic hardship deferment under the William D. Ford Federal Direct Loan Program or the Federal Perkins Loan Program. If you have federal loans serviced by another lender, you may have loans in one of these programs.
- Receive or received payments under a federal or state public assistance program.
- Serve as a Peace Corps volunteer.
- Experience economic hardship and meet the income qualifications listed on the deferment form.
Download the Economic Hardship Deferment Request form (PDF).
Did you borrow a Parent PLUS Loan for a student who is currently in school?
You may qualify for a Parent PLUS Borrower Deferment if:
- You have a dependent student enrolled in school either full time or half time.
- Your dependent student is in a rehabilitation training program.
- Your loans were disbursed on qualifying dates.
Download the Parent PLUS Borrower Deferment Request form (PDF).
Are you in a fellowship program or in rehabilitation training?
You may qualify for an Education Related Deferment while you complete your graduate fellowship or receive rehabilitation training.
You may also qualify for an Education Related Deferment, if you have at least one loan that was made before July 1, 1993, that still has a balance, while you:
- Complete your internship or residency.
- Teach in designated teacher shortage areas.
- Have a student dependent in a graduate fellowship program.
Download the Education Related Deferment Request form (PDF).
Are you a volunteer or serving full time on active duty?
If you have at least one loan that was made before July 1, 1993, that still has a balance, you may request a Public Service Deferment if you are:
- On full-time active duty in the Armed Forces.
- On full-time active duty in the National Oceanic and Atmospheric Administration.
- A commissioned officer in the Public Health Service.
- A volunteer in the Peace Corps, ACTION program or tax-exempt organization.
Download the Public Service Deferment Request form (PDF).
Are you unable to work due to your or a dependent's disability?
If you have at least one loan that was made before July 1, 1993, that still has a balance, you may qualify for a Temporary Total Disability Deferment based on either your, your spouse's or your dependent's temporary total disability. A medical doctor will need to verify one of the following:
- You are/were unable to work or attend school for at least 60 consecutive days.
- You are/were unable to work for at least 90 consecutive days due to caring for a dependent.
This deferment cannot be granted based on an uncomplicated pregnancy.
Download the Temporary Total Disability Deferment Request form (PDF).
Are you caring for dependents?
If you have at least one loan that was made before July 1, 1993, that still has a balance, you may qualify for the Parental Leave/Working Mother Deferment if you are either:
- A working mother who meets income eligibility requirements.
- On parental leave.
Download the Parental Leave/Working Mother Deferment Request form (PDF).
Private student loans may also be eligible for deferment. Learn more or contact us for assistance with private loan deferment.