Deferment of Repayment
DEFERMENT OF REPAYMENT
A deferment will prevent principal and interest from accruing while your loan(s) are eligible. However, if you have a past due balance not covered by a deferment, you are responsible for paying up to date. If you have more than one loan from more than one school, you must submit a form for each school. It is your responsibility to submit forms on time. Failure to do so will result in continued billing. See the chart below titled "Are You Eligible for Deferment?"