Deferment

Definition

If you are faced with difficulty in making your student loan payment, you may qualify for a deferment. Deferments will temporarily suspend payments. The government will pay the interest on your subsidized loans during periods of deferment. Your unsubsidized loans will accrue interest during periods of deferment; however, payments are not required. Types of deferment you may qualify for include:

In-school
Education Related-Graduate Fellowship, Rehabilitation Training, Internship/Residency, Teacher
Temporary Total Disability
Working Mother/Parental Leave
Economic Hardship
Public Service (Peace Corps, NOAA, Action Program, Tax Exempt Organization)
Military
Unemployment
PLUS Borrower with Dependent Student - Loans made before July 1, 1993

Note: You must continue to make your regular monthly payments until you have been notified in writing your deferment has been approved.

Access Group private loans are not eligible for deferments. Please review forbearance options or contact a Customer Service Representative for other payment solutions.