Deferment and Forbearance

For a complete list of Perkins Loan deferment and forbearance options, please visit the ECSI website.

Common deferment and forbearance benefits are listed below.

deferment is a period in which no payments are due and interest does not accrue. Perkins Loan Deferment benefits include:

  • Unlimited In-School Deferment (enrolled student at least half-time at an institution of higher education)
  • Up to 36 months of Unemployment
  • Up to 36 months of Economic Hardship

Forbearance is a period in which interest accrues, however, a monthly payment is not required. Accrued interest is paid monthly, or as a lump sum at the conclusion of forbearance.

  • Up to 36 months of Forbearance