Sometimes even your best-laid plans to repay your student loans can be affected by life’s changes, such as unemployment, economic hardship, or a decision to go back to school to further your education.
Whatever the case, you may find it necessary to temporarily postpone repayment of your student loans. You can do this by applying for a deferment — a period during which repayment of the principal and interest of your loan is temporarily delayed.
You are entitled to defer, or postpone, your student loan payments when you meet certain eligibility criteria and you request a deferment. The most common deferments are in-school, unemployment, economic hardship, graduate fellowship, and rehabilitation training.
Select the statement below that best describes your situation to see a description of a deferment that applies to that situation, a list of eligibility requirements for that deferment, and the option to download and print the form you’ll need to submit to your loan holder to take advantage of the deferment. If you need further assistance, contact your lender or servicer or Trellis Company’s Default Aversion team.