Student Loan Repayment

Student Loan Repayment

Federal Perkins (NDSL) Loan Deferments

A deferment is a period in which no payments are due and interest does not accrue. In addition, at the completion of a deferment period granted for a Federal Perkins (NDSL) Loan, you will be granted a post-deferment grace period of 6 months.

Some deferments are available for all loans, regardless of when they were issued. Other deferments are available only if explicitly stated in your promissory note. You are entitled to a deferment on any Federal Perkins (NDSL) Loan, regardless of the date of the loan, if you are:

Also, although not a deferment per se, if you are serving in either the Americorps program or with the Corporation for National and Community Service, you are entitled to a forbearance for which your organization will pay the accrued interest after a completed year of service.

If your loans were issued before July 1, 1993, you are also entitled to a deferment if you are:

  • serving in the Armed Forces
  • serving in the National Oceanic and Atmospheric Administration (Perkins only)
  • temporarily totally disabled
  • serving in a professional internship or residency
  • serving as a full-time volunteer in a qualifying organization
  • pregnant or caring for a newborn child
  • the mother of small children and just reentered the workforce earning no more than $1.00 per hour above the federal minimum wage

Click here [pdf] for a deferment request form that can be used to request any type of deferment.

If you require financial relief but do not qualify for any of the deferments listed above, click here.