|
Bursar's Office Table 1-5 Deferments for Federal Perkins and National Direct Loans |
||||
| Borrower is eligible to defer repayment: | National Direct Loan made before 10/1/80 | National Direct Loan made on or after 10/1/80 but before 7/1/93 | Perkins Loan made before 7/1/93 | Federal Perkins and Direct Loans made on or after 7/1/93 |
| While enrolled at least half-time (medical internship/residency excluded) | Yes (1) | Yes* | Yes* | Yes*(2) |
| While seeking and unable to find full-time employment | No | No | No | Yes* Up to 3 years |
| While experiencing periods of economic hardship | No | No | No | Yes* Up to 3 years |
| While engaged in service that qualifies for cancellation | No | No | No | Yes* |
| While serving in an eligible internship/ residency | No | Yes* Up to 2 years |
Yes* Up to 2 years |
No |
| While a member of U.S. Army, Navy, Air Force, or Coast Guard | Yes Up to 3 years |
Yes* Up to 3 years |
Yes* Up to 3 years |
No |
| While a Peace Corps volunteer or Vista volunteer | Yes Up to 3 years |
Yes* Up to 3 years |
Yes* Up to 3 years |
No |
| While a full-time volunteer for a tax-exempt organization in service comparable to Peace Corps or Vista | No | Yes* Up to 3 years |
Yes* Up to 3 years |
No |
| While an officer in the Commissioned Corps of U.S. Public Health Service | No | Yes* Up to 3 years |
Yes* Up to 3 years |
No |
| While temporarily totally disabled or unable to attend school or work because caring for temporarily totally disabled spouse/dependent | No | Yes* (3) Up to 3 years |
Yes* (4) Up to 3 years |
No |
| While on full-time duty as a member of the NOAA Corps | No | No | Yes* Up to 3 years |
No |
| While a mother of preschool-age children and starting or returning to work at salary no more that $1 above minimum hourly wage | No | No | Yes* Up to 3 years |
No |
| During period of hardship to the borrower, (prolonged illness or unemployment)** | Yes | Yes | Yes | No |
| During forbearance, if the borrower's Title IV loan repayment obligations equals or exceeds 20% of borrower's gross income or borrower qualifies for other acceptable reasons ** | Yes | Yes | Yes | No. |
Notes:
*This deferment is followed by a six-month grace period before repayment begins; during the grace period, principal need not be paid and interest does not accrue.
**Principal may be deferred, but interest continues to accrue
Questions or Comments? Contact the Bursar's Office
Return to Bursar's Office Page
Return to Financial Service's Office Page
Return to ETSU Home Page
Web pages last updated 08/31/07
Office
Hours - 8:00 am to 4:30 pm M-F
Bursar/Student Accounts - 423-439-4212 | Fax: 423-439-4650
Room 202 Dossett Hall
PO Box 70719, Johnson City, TN 37614
bursar@etsu.edu
________________________________________________
Financial Services - 423-439-4414 | Fax:
423-439-4620
Mailing Address: P.O. Box 70732, Johnson City, TN 37614
WebManager e-mail address:
businessoffice@etsu.edu