Tools Library

Tools Library

Deferments and Cancellations

In certain situations, borrowers might qualify for deferment or cancellation of payment of their student loans. A separate request must be filed each year in a timely manner to avoid penalties.

About Deferments

You (the borrower) can request to “defer” (temporarily stop) or, in some cases, reduce 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

  • Education: relates to the borrower’s enrollment status as a student at an educational institution (sometimes referred to as “in-school” deferment).
  • Public Service: applies to borrowers that are in the armed forces, Peace Corps, volunteers, or in public health service.
  • Economic Hardship: applies to borrowers dealing with specific types of economic hardships or unemployment.

Deferment Forms

  • In-School Deferment Request (PDF, 667 KB)
    • Use to defer repayment of your on your Direct Loans, FFEL Program Loans, and Perkins Loans, if you are enrolled in an eligible school (see specific requirements on form).
    • File yearly at the end of every deferment period.
  • Graduate Fellowship Deferment Request (PDF, 674 KB)
    • Use to defer repayment on your Direct Loans, FFEL Program Loans, and Perkins Loans, if you are enrolled in an eligible graduate fellowship program (see specific requirements on form).
    • File yearly at the end of every deferment period.
  • Rehabilitation Training Deferment Request (PDF, 667 KB)
    • Use to defer repayment on your Direct Loans, FFEL Program Loans, and Perkins Loans, if you are enrolled in an eligible Rehabilitation Training Program (see specific requirements on form).
    • File yearly at the end of every deferment period.
  • Unemployment Deferment Request (PDF, 675 KB)
    • Use to defer repayment on your Direcrt Loans, FFEL Program Loans, and Perkins Loans, if you are unemployed (see eligibility requirements on form).
    • File yearly at the end of every deferment period.
  • Economic Hardship Deferment Request (PDF, 676 KB)
    • Use this form to request an economic hardhsip deferment on your Direct Loans, FFEL Program Loans, and Perkins Loans.
    • File yearly at the end of every deferment period.
  • Mandatory Forbearance Request (PDF, 663 KB)
    • Use this form to request a student loan debt burden mandatory forbearance (temporarily postpone payment, extend the time for making payments, or temporarily make smaller payments) on your Direct Loans, FFEL Program Loans, and Perkins Loans.
    • File yearly at the end of every deferment period.

About Cancellations

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

  • Teaching: applies to full-time teachers at eligible institutions or schools
  • Public Service: applies to borrowers that are in the armed forces, Peace Corps, volunteers, or other qualifying public service

Cancellation Forms

Select the cancellation form that applies in your situation. File the form yearly, at the end of every deferment period.