Showing posts with label If one of the following scenarios applies to you. Show all posts
Showing posts with label If one of the following scenarios applies to you. Show all posts

Saturday, December 21, 2019

If one of the following scenarios applies to you, you may qualify for deferment:

If one of the following scenarios applies to you, you may qualify for deferment:
    • You are enrolled at least half-time in college or career school.
    • You are studying in an approved graduate fellowship program or in an approved rehabilitation training program for the disabled.
    • You are experiencing unemployment or an inability to find full-time employment (for up to 3 years).
    • You are experiencing a period of economic hardship including Peace Corps service (for up to 3 years).
    • You have been called to active duty military service during a war, military operation, or national emergency.
    • You have returned home following the conclusion of qualifying active duty military service (for the first 13 months or until you return to enrollment on at least a half-time basis, whichever is earlier), if:

As soon as you fail to make a payment on time, your loan

As soon as you fail to make a payment on time, your loan immediately becomes “delinquent.” After 90 days of not making a payment, loan ser...