Student Loan Deferment

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Learn More About The Process And Find Out Your Options

What is deferment?

A postponement of payment on a loan that is allowed under certain conditions and during which interest does not accrue on Direct Subsidized Loans, Subsidized Federal Stafford Loans, and Federal Perkins Loans. All other federal student loans that are deferred will continue to accrue interest. Any unpaid interest that accrued during the deferment period may be added to the principal balance (capitalized) of the loan(s).


During a deferment, you do not need to make payments; the definition of the word itself is  act of putting something off for a later time; postponement.†What’s more, depending on the type of loan you have, the federal government may pay the interest on your loan during a period of deferment.

The government may pay the interest on your:
* Federal Perkins Loan,
* Direct Subsidized Loan, and/or
* Subsidized Federal Stafford Loan.

The government does not pay the interest on your unsubsidized loans (or on any PLUS loans). You are responsible for paying the interest that accrues (accumulates) during the deferment period, but your payment is not due during the deferment period.
If you are a Direct Loan or FFEL Program borrower who has a loan that was first disbursed (paid to you or on your behalf) before July 1, 1993, you may be eligible for additional deferments for such situations as teaching in a teacher shortage area, public service, being a working mother, parental leave, or temporary disability. For more information, contact your loan servicer.


There are many situations where you may qualify for deferment depending on the type of loan you have. These include:

  • During a period of at least half-time enrollment in college or career school
    * During a period of study in an approved graduate fellowship program or in an approved rehabilitation training program for the disabled
    * During a period of unemployment or inability to fund full-time employment
    * During a period of economic hardship (includes Peace Corps service)
    * During a period of service qualifying for Perkins Loan discharge/cancellation
    * During a period of active duty military service during a war, military operation, or national emergency
    * During the 13 months following the conclusion of qualifying active duty military service, or until you return to enrollment on at least a half-time basis, whichever is earlier, if
    * you are a member of the National Guard or other reserve component of the U.S. armed forces and
    * you were called or ordered to active duty while enrollment at least half-time at an eligible school or within six months of having been enrolled at least half time
  • For more information on whether your loans qualify for these suspension situations refer to the this table.


Call us at (800) 940-8911 or fill out the form on this page to speak to one of our representatives. It’s 100% free to see if you qualify for student loan forgiveness, and only takes a few minutes.


Student loan debt has reached an all-time high, and according to the Consumer Financial Protection Bureau, the total amounts to around $1.2 trillion. Goodbye Loans can help determine if you qualify for the student loan forgiveness as a result of the lawsuit against ITT Tech.

Goodbye Loans matches thousands of graduates with federal programs that are offered by The Department of Education to consolidate and lower their current Federal student loans. We help you take advantage of the latest regulations put in place by Congress and President Obama and potentially save thousands of dollars. Debt is hard to ignore. When you’re staring down a ballooning credit card balance and fending off insistent phone calls from angry creditors, it can be an all-consuming enemy.



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