Deferments and Forberance

Deferments

Deferments are available if you are:

1. In school at least half-time at an eligible school or graduate fellowship
program approved by the US Department of Education.

2. In a rehabilitation training program.

3. Unemployed (for up to three years).

4. Experiencing economic hardship (for up to three years).

5. In the US Armed Forces, Public Health Service, or NOAA.

6. A full-time paid volunteer.

These deferments apply to all Direct Loans. Private loans
may be different and you should consult your borrower.

Forbearance

Forbearance may be available if you are:

1. In poor health or other acceptable reasons and unable to make loan
payments, and do not meet a deferment condition.

2. Serving in a medical or dental internship or residency.

3. Currently making payments equal to or greater than 20% of your monthly
gross income (for up to three years).

Index