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Economic Hardship Deferment/Forbearance

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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. Borrowers must provide satisfactory documentation, as specified by the University, showing that they are within any of the following categories:

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


Forbearance is a temporary postponement of payments. Unlike during deferment, interest continues to accrue on the account during forbearance. Interest may be paid as it accrues or may be deferred.

Borrowers must request forbearance in writing, stating the reason for the forbearance and provide support documentation as specified by the University.

Forbearance can be granted to borrowers experiencing the following:

  • Financial hardship
  • Poor health, as certified by a physician
  • Full-time volunteering in a tax-exempt organization
  • Other acceptable reasons, as determined by the University

Forbearances may be granted for up to one year at a time, not to exceed three years' total forbearance.

Download a Mandatory Forbearance Request form (PDF).

Download an Economic Hardship Deferment Request form (PDF).