Student Loan Deferment Chart |
|||
|---|---|---|---|
Deferment Condition |
Direct
|
FFEL
|
Perkins
|
|
At least half-time enrollment at a postsecondary school
|
Yes
|
Yes
|
Yes
|
|
Study in an approved graduate fellowship program or rehabilitation training program for the disabled
|
Yes
|
Yes
|
Yes
|
|
Unable to find full-time employment
|
Up to 3 years
|
Up to 3 years
|
Up to 3 years
|
|
Economic hardship
|
Up to 3 years
|
Up to 3 years
|
Up to 3 years
|
|
Engaged in service listed under discharge or cancellation condition
|
Yes
|
Yes
|
Yes
|
|
Serving on active military duty during a war, military operation, or national emergency
|
Yes
|
Yes
|
Yes
|
|
Called to active duty while enrolled at an eligible school (or within 6 months of being enrolled) at least half-time
|
Up to 13 months after discharge
|
Up to 13 months after discharge
|
Up to 13 months after discharge
|
You must formally request a deferment through the procedures established by the holder of your loan, and you must continue making payments until you’re notified that the deferment has been granted. Visit the U.S. Department of Education’s Student Loan Deferment page to learn more.
Student Loan Discharge/ Cancellation Chart |
|||
|---|---|---|---|
Cancellation Condition |
Direct
|
FFEL
|
Perkins
|
|
Borrower’s total and permanent disability or death
|
100%
|
100%
|
100%
|
|
Full-time teacher in a designated elementary or secondary school serving students from low-income families
|
In some cases
|
In some cases
|
Up to 100%
|
|
Full-time special education teacher (includes teaching children with disabilities in a public or other nonprofit elementary or secondary school)
|
No
|
No
|
Up to 100%
|
|
Full-time qualified professional provider of early intervention services for the disabled
|
No
|
No
|
Up to 100%
|
|
Full-time teacher of math, science, foreign language, bilingual education, or in other fields designated as teacher shortage areas
|
No
|
No
|
Up to 100%
|
|
Full-time employee of a public or non-profit child or family service agency providing services to high-risk children and their families from low-income communities
|
No
|
No
|
Up to 100%
|
|
Full-time nurse or medical technician
|
No
|
No
|
Up to 100%
|
|
Full-time law enforcement or corrections officer
|
No
|
No
|
Up to 100%
|
|
Full-time staff member in the education component of a Head Start Program
|
No
|
No
|
Up to 100%
|
|
Peace Corps or VISTA volunteer
|
No
|
No
|
Up to 70%
|
|
Service in the U.S. Armed Forces
|
No
|
No
|
Up to 50% (in areas of imminent danger)
|
|
Bankruptcy
|
In rare cases
|
In rare cases
|
In rare cases
|
|
Closed school (before student could complete program of study) or false loan certification
|
Up to 100%
|
Up to 100%
|
Up to 100%
|
|
School does not make required return of loan funds to lender
|
Up to the amount school required to return
|
Up to the amount school required to return
|
Up to the amount school required to return
|
|
Survivors of Victims of 9/11 Terrorist Attacks
|
Up to the amount owed on 9/11/01
|
Up to the amount owed on 9/11/01
|
Up to the amount owed on 9/11/01
|
Visit the U.S. Department of Education’s Student Loan Forgiveness, Cancellation and Discharge page to learn more.
