The most common deferment is a student deferment. Some loans have deferments for economic hardship, unable to find employment, and rehabilitation training. Forbearance Payments may be postponed or reduced during a forbearance, however, interest continues to accrue. A forbearance may be granted for various reasons such as poor health or unanticipated personal problems. The only loan that has cancellation privieges in addition to permanent disablity, or death, is the Perkins Loan .
All loans are eligible for loan forgiveness.
If you participate in the Americorps program you will earn dollars towards loan repayment, or tuition.