What are the different deferments available?
With a Federal Consolidation Loan, you are eligible for a deferment under the following circumstances: • In-school (full time or at least half time) • Graduate Fellowship • Rehabilitation Training • Unemployment • Economic Hardship If you consolidate subsidized Stafford loans, the federal government will pay the interest that accrues on the subsidized portion of your consolidation loan during an eligible period of deferment. Please note that any Federal Perkins, Federal Nursing, Health Professional Student Loans, and Loans for Disadvantaged Students will no longer be eligible for any interest subsidy benefits if you consolidate them. You also maintain your eligibility for all types of loan payment forbearance as outlined in your original Stafford, PLUS, and Direct Loan promissory notes.
