Deferment Information Deferment Information and Options Deferments allow borrowers to temporarily postpone loan payments. The length of a deferment depends on the type of deferment needed. It also depends on the maximum allowable period defined by federal regulations. Different deferments exist for the different situations that can occur over the course of your student loan repayment.
Deferments are also available to parent borrowers .
In order to be eligible for an economic hardship deferment , your loans must show a borrowed date after July 1, 1993. To do this you must have your lenders consolidate all of your Subsidized loans, and then separately consolidate your Unsubsidized loans. The date the loans are consolidated is the date that they will consider you took out your loans. So that date will fall after July 1,1993. You do not want your lenders to consolidate your Subsidized and Unsubsidized loans together.