What is Deferment?
A deferment is a period of time during which a lender temporarily postpones regular payments. Deferments are granted for specific situations set forth by Congress and have certain time limitations and conditions for eligibility. Depending on when you received your first loan, you may be eligible for a deferment if your particular situation falls into certain categories.
Deferments are entitlements. This means lenders must grant them if borrowers qualify. Therefore, it is the borrower's responsibility to request a deferment and follow up with the necessary documentation to prove their qualification.
Loans Eligible for Deferment
Review the Loans at a Glance FAQ sheet to see details regarding deferment eligibility for your loan.
- Federal Perkins
- Ella Kate Wallace Ralston (EKWR)
- Nursing Student Loan (NSL)
- Health Professions Student Loan (HPSL)
- Loan for Disadvantage Students (LDS)
- Nurse Faculty Loan (NFL)
- Robert Wood Johnson (RWJ)
- Primary Care Loan
- Mexican American Physician Association Loan
- AMA - American Medical Association
Process to Apply for Loan Deferment
Access and complete the deferment application to defer an institutional loan.