No interest accrues and no payments are due during the deferment or the grace period. There is also a forbearance that is available to all loans, no matter when they were borrowed. We do forbearance if you are not eligible for any other type of hardship deferment. Interest accrues during a forbearance and can be paid during the deferment or at the end of the deferment as you choose. There is no grace period.
Cancellations are available for all kinds of employment.
The common thread is that you must be full time and work a full year to be eligible. Contact this office for more specific information or go to the cancellation section on this web page. Contact this office before the due date if possible. The worst thing you can do is ignore notices, billings, and phone calls from this office. There are hardship deferment options we have available, we can make arrangements for a smaller monthly payment temporarily, or after discussing your situation we may come up with some other option.