Deferment

Definition

If you are faced with difficulty in making your student loan payment, you may qualify for a deferment. Deferments will temporarily suspend payments. The government will pay the interest on your subsidized loans during periods of deferment. Your unsubsidized loans will accrue interest during periods of deferment; however, payments are not required. Types of deferment you may qualify for include:

Note: You must continue to make your regular monthly payments until you have been notified in writing your deferment has been approved.