For most of these students, college loans are nothing new.
Deferments allow borrowers to postpone their scheduled monthly loan payments.
Deferments on federal student loans are governed by specific regulations. Not every borrower is eligible. However, any borrower who returns to school on at least a half-time basis at an eligible institution qualifies. If returning students request a deferment, they must be granted one as long as their loan is not in default and they provide the proper documentation. Going back to school is just one way to qualify for a deferment.