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Economic Hardship Deferment

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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).