Skip to main content

Secondary navigation:

Economic Hardship Deferment

Please note: Some of these files are Adobe Acrobat® (PDF) formatted files. To view them, you will need to download the free Adobe Acrobat file reader.

 

Deferment Qualifications

Economic hardship deferments can be granted for periods of up to one year at a time, not to exceed three years' total deferment. The borrower must provide satisfactory documentation, as specified by the University, showing that they are within any of the following categories:

  • Has been granted an economic hardship deferment for either a Stafford or PLUS loan for the same period of time the Perkins loan deferment is requested.
  • Is receiving federal or state public assistance (e.g., food stamps, Supplemental Security Income, etc.).
  • Is working full-time (over 30 hours/week) and is under the poverty line.

Download a Request for Economic Hardship Deferment of Perkins Loan form (PDF).