Internship/Residency Options
Option 1: Internship/Residency
Deferment
What is it?
A means of postponing payments on your student loans
for up to 24 months (2 years).
When do I qualify?
You may qualify if you are in an internship or residency
program that:
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Is required for licensing in your
profession; or
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Leads to a degree or certificate
from a qualified institution
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How do I apply?
Click here to view and print a internship/residency deferment
request form. Please read the
form carefully to make sure you qualify, and follow the instructions on the form.
Mail your completed form to us at
Student Loan Counseling Service, Inc.
P.O. Box 1078
Waterloo, IA 50704-1078
To learn more about the Internship/Residency deferment,
click here.
If you do not qualify for an Internship/Residency deferment, please view
any other options on this Results Page, or click on the Return to Questionnaire
button at the bottom of this page to make another selection.
What is it?
A means of postponing payments on your student loans for up to 24 months (2 years).
When do I qualify?
You may qualify if you are a medical or dental intern or resident and either do
not qualify for a deferment or have
used all your deferment eligibility.
When is the Mandatory Forbearance a good
idea?
When your internship or residency program makes it difficult for you to make payments
on your loans.
When is the Mandatory Forbearance not a
good idea?
When, despite your program, you are able to afford your student loan payments. During all periods of forbearance, interest
continues to accrue on your loans.
If you are unable to pay this interest as it accrues, it will be capitalized, that
is, added to the principal of your loans.
To learn more about Mandatory Forbearances,
click here.
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