DEFERMENT ELIGIBILITY CHART

Form

Deferment Type

Time Limit

Stafford and SLS Loans

PLUS Loans

Consolidation Loans

Pre
7/1/87
Borrower

New’
Borrower
7/1/87 to
6/30/93

New
Borrower
7/1/93

Loans
Before
8/15/83

Pre
7/1/87
Borrower

New
Borrower
7/1/87 to
6/30/93

New
Borrower
7/1/93

Borrower
Consolidates
Before
7/1/93

Newt
Borrower
7/1/93

SCH
or NEW
EDU

In–School: Full–Time

None

In–School: Half–Time

None

EDU
or
New
EDU

Graduate Fellowship

None

Rehabilitation Training

None

PUB

Military or Public Health Services’

3 Years

National Oceanic andAtmosphericAdministration Corps’

3 Years

Peace Corps‚Domestic‚ and Tax–Exempt OrganizationVolunteer

3 Years

EDU

Teacher Shortage

3 Years

Internship/ResidencyTraining

DIS

Temporary TotalDisability`

3 Years

UNEM

Unemployment

2 Years

Unemployment

3 Years

FAM

Parental Leave’

6 Months

Mother Entering/ Reentering Work Force

1 Year

NEW HRD

Economic Hardship

3 Years

1.New Borrower 7/1/87 to 6/30/93: A borrower who‚ on thte date the borrower signed the promissory note‚ has no outstanding balance on (1) a Stafford‚ SLS‚ or PLUS Loan first disbursed before July 1‚ 1987‚ for a period of enrollment beginning before July 1‚ 1987 or (2) a Federal Consolidation loan that repaid a loan first disbursed before July 1‚ 1987.

2.New Borrower 7/1/93: A borrower who received a FFELP loan with a first disbursement on or afer July 1‚ 1993. The borrower has no outstanding principal or interest balance on a FFELP loan as July 1‚ 1993‚ or on the date the borrower obtains a loan on or after July 1‚ 1993. This includes a borrower who obtains a Federal Consolidation loan when the Federal Consolidation load was made.

3. Periods during which the parent borrower meets the deferment eligibility requirements or a dependent student for whom the parent obtained a PLUS Loan meets the deferment eligibility requirements.

4.Periods during which the parent borrower meets the deferment eligibility requirements.

5.Borrowers are eligible for a combined maxium of 3 years of deferment for services in NOAA‚ PHS‚ and Armed Forces.

6.A deferment may be granted durnign periods when the borrower is temporarily totally disabled or during which theh borrower is unable to secure employment because the borrower is caring for a dependent (including the borrower’s spouse) who is temporarily totally disabled.

7. A parental leave deferment may be granted to a borrower in periods of no more than 6 months each time the borrower qualifies.