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Under certain conditions, a borrower
may have his or her Nursing Student Loan
deferred.
General Information
During times of deferment, no interest accrues and no payments are required
The borrower’s account must be current before any deferment can be
granted.
It is the borrower’s responsibility to initiate the deferment request in a
timely fashion.
The deferment request form must be signed and dated by the borrower, and
certified by the appropriate official before deferment can be granted.
Defaulted loan accounts are not eligible for deferment unless the only reason
for the default was the borrower’s failure to file a deferment request on a timely
basis.
Qualifying Situations
Student - Deferment can be
granted for one semester at a time while the borrower is enrolled as at least a half time
student, in a Nursing program, at an accredited school of nursing.
Advanced Professional
Training - Deferment can be granted if the borrower is
enrolled as a full-time student in a course of study leading to an advanced degree in
nursing or otherwise pursuing advanced professional training which will advance knowledge
of and strengthen skills in the provision of nursing services.
Military/Uniformed Service - Deferment can be granted for a maximum of three years during which time
the borrower is on active duty with the Military or is a member of a uniformed service,
including NOAAC and the Public Health Service. Please note that there is a combined three
year maximum for service in a uniformed service and the Peace Corps.
Peace Corps -
Deferment can be granted for a maximum of three years during which time the borrower is a
member of the Peace Corps Volunteer Service. Note that there is a combined three year
maximum for service in a uniformed service and the Peace Corps.
Forbearance - Forbearance can be granted to any
borrower that is experiencing
financial difficulty. Note that during
times of forbearance, interest continues to
accrue on the balance of the account.
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This page was developed by and is maintained by
Dawn M. Herzig- Financial Services mailto:herzig@uwosh.edu
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