Federal Loan Deferment Summary

This information is from the "Student Guide" published by the U.S. Department of Education.

Deferment Conditions	FFEL Program Loans*, **	Perkins Loans***
At least half-time study at a postsecondary school	YES	YES
Study in an approved graduate fellowship program or in an approved rehabilitation training program for the disabled	YES	YES
Unable to find full-time employment	Up to 3 years	Up to 3 years
Economic hardship	Up to 3 years****	Up to 3 years****
Engaged in service listed under discharge/cancellation conditions	NO	YES

* For PLUS Loans and unsubsidized student loans, only principal is deferred. Interest continues to accrue. 

**Applies to loans first disbursed on or after July 1, 1993 to borrowers who have no outstanding FFEL Program Loan, Federal SLS loan or Consolidation Loan on the date they sign their promissory note. (Note that the SLS Program was repealed beginning with the 1994-95 award year. 

***Applies to loans first disbursed on or after July 1, 1993. 

****Many Peace Corps and VISTA Volunteers will qualify for a deferment based on economic hardship.

Contact your lender for additional information.