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.