You are eligible for deferment of repayment under certain conditions. During periods of some deferment types, principal and interest are not due. However, some types of Hardship Deferments require interest to be paid throughout the deferment period. If you should find your financial situation is unmanageable and you need an alternative method to repay your loan, we offer many solutions:
- Unemployment Deferment
- Economic Hardship Deferment
- Forbearance Deferment
- Hardship Deferment
Prevent your loan from being reported as in default on your credit bureau report. Refer to the chart below titled "Are You Eligible for Deferment?" and print the appropriate form.