Deferment

Deferment is a period of time when you are not required to make payments on your loan.

Interest

Even though you are not required to make interest payments during deferment, you are still responsible for paying the interest that will continue to accrue on unsubsidized Federal Stafford loans and Federal PLUS loans during this time.

Remember, if you are the borrower of an unsubsidized Federal Stafford or PLUS Loan and you do not pay the interest, it will be added to your principal balance when your deferment ends, increasing your total debt.

Eligibility

Deferment types vary depending on the type of loan as well as the date when you borrowed.

If you know the type of deferment for which you are eligible, you can download the Federal Family Education Loan Program (FFELP) deferment request form. If you are uncertain about your eligibility for a deferment, access Mapping Your Future's Deferment Navigator.

Requesting a deferment

• Submit a written request to your loan holder.
• Be sure to provide all required documentation.
• Keep a copy of your deferment request form, and follow up with your loan holder until your deferment is granted or denied.
• Do not stop making payments until you receive a written notice that your deferment is granted.
• Note when your deferment is scheduled to end and know the date you must begin making payments again.