Yes. Under certain circumstances, you can receive a deferment or forbearance on your loan:
- Deferment allows you to temporarily postpone loan payments without accruing any interest
- Forbearance allows you to temporarily postpone or reduce payments. Interest will continue to accrue during the forbearance period. Forbearance may be granted in up to 12-month intervals, for up to 3 years.
Deferments/forbearance are not automatic, and you must apply for one through University Accounting Services (UAS) using a deferment request form. Request forms can be obtained by contacting UAS directly, or by visiting the University Accounting Service site. You must file your deferment/forbearance request by the posted deadline or you will be responsible for late fees. Additionally, you must continue to make scheduled payments until you receive notification that deferment/forbearance has been granted. For more information on payment deferment, contact UAS at (844) 870-8701.