Personal tools
You are here: Home > Student Loans > Nursing Loan Deferments

Nursing Student Loan Deferments

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.

Document Actions
by fochsm last modified Feb 17, 2010 12:41 PM