DEFERMENTSA borrower is entitled to have the repayment of a loan deferred under certain circumstances. A deferment is a period of time during which the borrower is not required to repay the loan principal. For loans made on or after July 1, 1993, interest does not accrue during any type of deferment. In order to qualify for a deferment, you must meet the specific eligibility requirements for that deferment type. To apply for a deferment, download and/or print the required form. Complete the form in detail and be sure to include any required authorization or documentation listed in the eligibility requirements section. Send the form to Student Loans / Campus Receivables, 406B Goodell Building, 140 Hicks Way, Amherst, MA 01003-9272. We will process your request promptly. You will receive notification explaining whether your deferment was applied, rejected, or returned to you for additional information. All forms are in Adobe Acrobat PDF format. You may obtain the free Adobe Acrobat reader which will allow you to print or view the forms here. The following deferments may be available to you. Click on a specific deferment type to review the eligibility requirements. ** These types of deferment have their own specific form. To print a copy of the form, please go to the actual eligibility requirement section.
Federal Perkins Loan Program Deferment BenefitsSTUDENT DEFERMENTA borrower may be eligible for a deferment if they are enrolled at least half-time as a regular student at an eligible accredited institution in the United States, or at a comparable institution outside the United States. If you are attending a school that will only certify your student status for the current term, you are required to submit a form each term. Please note that in-school deferments are no longer granted when a borrower is serving in a medical internship or residency program, except for a program in dentistry. Eligibility: All NDSL, Perkins and Federal Perkins Loans Maximum Term: No limit FELLOWSHIPSA borrower may be eligible for a deferment if they are pursuing a course of study in an approved graduate fellowship program or if they are engaged in graduate or postgraduate fellowship-supported study (such as Fulbright grant) outside the United States. Eligibility: Federal Perkins Loans made on or after July 1, 1993
** Effective 10/7/98, all NDSL, Perkins and Federal Perkins Loans ** Maximum Term: No limit REHABILITATION TRAININGA borrower may be eligible for a deferment if they are enrolled in a course of study that is part of a Department of Education approved rehabilitation training program for disabled individuals To qualify: Your training program must:
Eligibility: Federal Perkins Loans made on or after July 1, 1993 ** Effective 10/7/98, all NDSL, Perkins and Federal Perkins Loans ** Maximum Term: No limit UNEMPLOYMENT/UNDEREMPLOYMENTA borrower may be eligible for a deferment if they are seeking and are unable to find full-time employment. Eligibility: Federal Perkins Loans made on or after July 1, 1993
** Effective 10/7/98, all NDSL, Perkins and Federal Perkins Loans ** Maximum Term: 36 months
ECONOMIC HARDSHIP DEFERMENTA borrower may be eligible for a deferment if they are suffering an economic hardship and they meet one of the following conditions: To qualify you must:
Eligibility: Federal Perkins Loans made on or after July 1, 1993
** Effective 10/7/98, all NDSL, Perkins and Federal Perkins Loans ** Maximum Term: 36 months. Borrowers must reapply every 12 months. CANCELLATION SERVICESA borrower may be eligible for a deferment if they are engaged in certain types of service that qualify the borrower to cancellation of the loan. Eligibility: Federal Perkins Loans made on or after July 1, 1993
** Effective 10/7/98, all NDSL, Perkins and Federal Perkins Loans ** Maximum Term: No limit MILITARYA borrower may be eligible for a deferment if they are a member of the U.S. Army, Navy, Air Force, Marines, Coast Guard or a member of the National Guard or the Reserves serving a period of full-time activity in the armed forces. Eligibility: NDSL and Federal Perkins Loans made before July 1, 1993 Maximum Term: 36 months PUBLIC HEALTH SERVICE A borrower may be eligible for a deferment if they are an officer in the Commissioned Corps of the U.S. Public Health Service. Eligibility: NDSL and Federal Perkins Loans made before July 1, 1993 Maximum Term: 36 months NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION CORPS A borrower may be eligible for a deferment if they are on full-time active duty as a member of the National Oceanic and Atmospheric Administration Corps. Eligibility: NDSL and Federal Perkins Loans made before July 1, 1993 Maximum Term: 36 months PEACE CORPS, VISTA OR ACTION A borrower may be eligible for a deferment if they are a Peace Corps, Vista or Action volunteer. Eligibility: NDSL and Federal Perkins Loans made before July 1, 1993 Maximum Term: 36 months TAX EXEMPT VOLUNTEER A borrower may be eligible for a deferment if they are a volunteer in service for a tax-exempt organization that the Department of Education has determined is comparable to Peace Corps or ACTION. You must meet all of the following criteria:
Eligibility: NDSL and Federal Perkins Loans made before July 1, 1993 Maximum Term: 36 months TEMPORARILY TOTALLY DISABLED A borrower may be eligible for a deferment if they are temporarily totally disabled or are unable to work because he or she is caring for a spouse or other dependent who is so disabled. Eligibility: NDSL and Perkins Loans made before July 1, 1993 Maximum Term: 36 months
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Click here for INTERNSHIP
A borrower may be eligible for a deferment if they are serving in an internship which is required by the state licensing agency in order to be certified for professional practice or service. A bachelor's degree is required before beginning the internship.
Eligibility: NDSL and Perkins Loans made before July 1, 1993
Maximum Term: 24 months
PARENTAL LEAVE
A borrower may be eligible for a deferment for a period up to six months if the borrower is pregnant, or if he or she is taking care of a newborn or newly adopted child. To qualify, the borrower must be unemployed, not attending school and must apply for the deferment within six months of leaving school or dropping below half-time status.
Eligibility: Perkins Loans made between July 1, 1987 and June 30, 1993
Maximum Term: Six months
WORKING MOTHER
A borrower may be eligible for a deferment if she is a mother with preschool-age children and she is entering the workforce and is compensated at the rate of no more than one dollar above the minimum wage.
Eligibility: Perkins Loans made between July 1, 1987 and June 30, 1993
Maximum Term: 12 months
Student
Loan / Campus Receivables
406B Goodell Building
140 Hicks Way
University of Massachusetts Amherst
Amherst, MA 01003-9272
Tel: (413) 545-2377
Fax: (413) 577-2120
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Last Updated: 02/27/08