Deferments For Perkins Loans
The following benefits under this section are not offered for the Nursing or Institutional loans (The following information can be found on the original Promissory Note signed by the borrower)

Upon making a properly documented written request to the school, the borrower may defer making scheduled installment payments and will not be liable for any interest that might otherwise accrue

1. During any period that the borrower is enrolled and attending as a regular student in at least a half-time course of study at an eligible school; enrolled and attending as a regular student in a graduate fellowship program approved by the Secretary; engaged in graduate or post-graduate fellowship-supported study outside the U.S.; enrolled and attending a rehabilitation training program for disabled individuals approved by the Secretary; engaged in public service that qualified the borrower to have part or all of the loan canceled;
   
   
2. For a period not to exceed three years during which the borrower is seeking but unable to find full-time employment,
   
   
3. For a period not to exceed three years during which the borrower is experiencing an economic hardship as determined by SPU. The borrower is not eligible for a deferment while serving in a medical internship or residency program.



4. Effective July 1, 2006, a new military deferment has been created, effective for loans for which the first disbursement is made on or after July 1, 2001. On or after July 1, 2006, a qualified borrower may receive a deferment for a period in which he or she meets the qualifications after July 1, 2001. The deferment shall not exceed a total of three years, and applies only to periods during which borrowers are serving on active duty during a war or other military operation, or national emergency.
   

The borrower may continue to defer making scheduled payments and will not be liable for any interest that might otherwise accrue for a six-month period immediately following the expiration of any deferment period described above.

Additional information about Perkins Loan deferment is available at www.mycampusloan.com.