Deferment and Forbearance Forms

Welcome to the Student Loan Consolidation Forms and Application Center. Here you will find the most common forms you will need in relation to loan consolidation and deferment.

Click here to obtain student loan consolidation forms!
An important fact about deferment and forbearance:

Deferment/forbearance does NOT lock in your interest rates. While your loans are deferred, they continue to have variable rates unless you are deferring a consolidated loan (which has a fixed interest rate). Currently, interest rates are at 39 year lows; if you consolidate now, you can defer after the consolidation is done and have these rates locked in for the life of the loan, and still defer payments for up to 3 years or 36 months. If rates go up and you do not consolidate, your deferred loans will accrue interest at the higher rates.

Click here to consolidate your student loans before deferment! Form Requirements

In School Deferment Enrolled at an eligible school as a full-time student
Enrolled at an eligible school less than full-time but at least half-time (for borrowers who, on the date they signed the promissory note, did not have an outstanding balance on an FFEL Program loan made before July 1, 1987)

Economic hardship deferment Experiencing financial hardship. Borrower is receiving payments under federal or state public assistance; or serving as a Peace Corp volunteer; or borrower is working full-time and monthly income does not meet certain standards; or borrower's payments on all of the borrower's federal education loans exceed a certain percentage of income.

Unemployment deferment Borrower is eligible for unemployment benefits
Borrower is unemployed or working less than 30 hours and diligently seeking full-time employment

Temporary disability deferment Borrower is temporarily totally disabled
Borrower is unable to maintain employment because of caring for a spouse or dependent who is temporarily totally disabled

Education related Deferment Engaged in a full-time course of study in a Graduate Fellowship program
Engaged in a full-time Rehabilitation Training program
Engaged in an Internship/Residency program (for borrowers with an outstanding balance on at least one FFEL program loan that was made before July 1, 1993; PLUS loan borrowers qualify only if the loan was made before August 15, 1993)
Teaching in a designated teacher shortage area (for Stafford or SLS borrowers whose first loans were made on or after July 1, 1987 and before July 1, 1993)

Working parent / parental leave deferment Borrower is pregnant, caring for a newborn child or caring for a newly adopted child and is not working full-time or attending school during the deferment period and was enrolled in school at least half-time within the six-month period preceding this deferment
Borrower entered or reentered the workforce within one year preceding this deferment and is working full-time in a position earning not more than $1 per hour above the federal minimum wage and is the mother of a preschool-age child
(for borrowers with an outstanding balance on at least one FFEL Program loan which was made before July 1, 1993, or borrower had a balance on a loan that was made before July 1, 1993, at the time borrower obtained any loan disbursed on or after July 1, 1993. Parental Leave/Working Mother Deferment)

PLUS Borrower with dependent student Dependent student is enrolled full-time at an eligible school (for PLUS borrowers with an outstanding balance on an FFEL Program loan which was made on or after July 1, 1987, and before July 1, 1993, or the PLUS borrower must have an outstanding balance on a FFEL Program loan made before July 1, 1993, when borrower obtained a loan disbursed on or after July 1, 1993)
Dependent student is engaged full-time in a rehabilitation training program (for PLUS borrowers with an outstanding balance on a FFEL Program loan which was made before July 1, 1993, or for borrowers with an with an outstanding balance on a FFEL Program loan made before July 1, 1993, when borrower obtained a loan disbursed on or after July 1,1993)

Public service deferment Borrower is on active duty in the Armed Forces of the United States
Borrower is serving full-time as an officer in the Commissioned Corps of the Public Health Service
Borrower is serving in the Peace Corp
Borrower is a full-time paid volunteer in the Action Programs
Borrower is a full-time paid volunteer for a Tax-Exempt Organization
Borrower is on active duty in the National Oceanic and Atmospheric Administration (NOAA)
PLUS borrowers or Consolidation borrowers are not eligible for a Public Service Deferment