If you have any questions about deferment benefits, contact the Student Loan office at (607) 255-7234 or via e-mail at email@example.com.
You (the borrower) can request to “defer” (temporarily stop) payments on your student loans for up to a year at a time, under certain qualifying conditions. Deferment options vary, depending on the type of loan you owe, and you might be required to pay monthly interest during the deferment period.
Types of Deferments
- Use to request deferment due to an economic hardship
- File every six months at the end of every deferment period
In certain limited circumstances, you may be able to cancel payments on your federal Perkins or NDSL student loan, either in whole or in part - meaning that you no longer have to pay it. In some situations, you won't be able to cancel the entire loan, but you may be able to get rid of a portion of the loan.
Types of Cancellations
Select the cancellation form that applies in your situation. File the form yearly, at the end of every deferment period.