When is a deferment a good idea?
When you are temporarily struggling to make your student loan payments.
When is a
deferment not a good idea?
When you have the ability to make payments to bring your account up to date, or when you are not sure that you will be able to
resume payments soon.
During any deferment on an unsubsidized loan, interest continues to accrue, even when you are not required to make payments. As a
result, your balance and payment term are likely to increase.
How
do I apply?
Click the button below to view and print an educational
deferment request form. Please read the form carefully to make sure you qualify,
and follow the instructions on the form. Mail your completed form(s) to us at:
Student Loan
Counseling Service, Inc.
P.O. Box 1078
Waterloo, IA 50704-1078
To learn more about the
student/fellowship deferment, click
here.
Print
Deferment Form
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