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Student Deferment

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Deferment Qualifications

A borrower may defer repayment of a Perkins loan while enrolled in at least half-time status at an eligible school of higher education (or a comparable institution outside the United States, approved by the U.S. Department of Education). Eligible schools will have a Federal School Code from the Department of Education.

Half-time status is determined by the qualifying school where the borrower is enrolled. Generally, this is six hours per semester.

While an account is on deferment status, monthly payment is not required, and interest does not accrue. To request deferment, a student deferment form must be completed by the student and certified by the school they are attending. Contact the Office of Student Services toll free at 800-294-0294 to request a deferment form, or click on the link below.

After deferment, the borrower is entitled to a nine-month post-deferment grace period if he or she has not fully used up the original nine-month grace period prior to returning to school. If the original nine-month grace period has been fully used up, the borrower is entitled to a six-month post-deferment grace period. During the post-deferment grace period, monthly payment is not required, and interest does not accrue.

Download a Request for Deferment form (PDF).