DEFERMENT REQUEST FORM           
DEFERMENT- Federal Loans only- 
                                - Must be at least a half-time student
                                - Fellowship 
                                - Internship Residency 
                   (some restrictions apply)

UNEMPLOYMENT DEFERMENT- Federal Perkins Loan only- 
                                - Must be unemployed during the period seeking deferment and
                                  registered with an employment agency
        
ECONOMIC HARDSHIP- Federal Perkins Loan only-
                               - Borrower has been granted an economic hardship deferment for
                                  either a Direct or FFEL loan for the same period of time for
                                  which the borrower has requested the deferment for a Federal
                                  Perkins Loan. 
                                - Receiving federal or state public assistance.
                        (some restrictions apply)

FORBEARANCE- Federal Perkins Loan only- Special extenuating circumstances exist
                                 that make you temporarily unable to pay. Interest accrues and it is
                                 recommended you pay monthly instead of one lump sum at the end
                                 of deferment period. (some restrictions apply)

HARDSHIP DEFERMENT- Mercer Institutional Loans only- 
                              - If approved for this type of deferment, the borrower must pay interest
                                that accrues during the deferment period.

                               
                          
                    POSTPONEMENT and CANCELLATION FORMS
POSTPONEMENT OF REPAYMENT and CANCELLATION Federal Perkins loan only (some restrictions apply). Request for Postponement of Repayment or Cancellation of National Direct or Perkins Federal Loans due to Service in:
                            - Teaching
                            - Law Enforcement
                            - Nursing
                            - Medical Technician
                            - Social Service Agent
                            - Peace Corps volunteer
                            - Firefighter
                            - Faculty at Tribal College or University
                            - Librarian
                            - Speech pathologist
                            - Military Service: In order to qualify for this deferment you must
                              meet one of the following conditions:

                1. Military Operation- redefined in Section 101(a)(13) of title 10,
                     U.S. code.  Operation Jump Start does not qualify.
                2. National Emergency- this means an emergency declared by the
                     President by reason of certain terrorist attacks.
                3. Serving on active duty during a war, military operation, or
                     national emergency- this means the service of a member who is
                     in the Reserves and ordered to active duty, or any retired
                     member ordered for service in connection with a war or other
                     military operation or national emergency, regardless of the
                     location at which such service is performed. This includes active
                     duty members who have been assigned to a location other than
                     where the member is normally assigned.
                  4. Qualifying National Guard duty during a war, military operation or
                     national emergency- this means the member is on full time duty
                     under a call to active service for a period of more than 30
                     consecutive days.
 
                  POSTPONEMENT AND CANCELLATION RULES 
As of October 7, 1998, all Perkins Loan borrowers are eligible for all cancellation benefits regardless of when the loan was made or the terms of the borrower’s promissory note. However, this benefit is not retroactive to services performed before October 7, 1998.  

Please go to Cancellation Rules for more information on cancellations.

Click here to view a summary chart of available deferments and cancellations for Perkins Federal loans. 

Click here to find out more information on qualifying for Teacher cancellation or to see if your school qualifies.   


                                                    OTHER FORMS