Students must apply in person to the Cashier's Office. Proper identification is required for all credit. A service charge of five percent of the deferred amount will be assessed. Students with past due accounts are not eligible for deferments. Financial Aid Deferments Students who need deferments based on financial aid must contact the Financial Aid Office.
Financial aid is distributed in installments, one at the start of each semester.
Students must sign a promissory note for each loan program before loan funds will be applied to their accounts. All first-time Subsidized and Unsubsidized Federal Stafford Loan borrowers at USC must attend an entrance loan counseling session prior to receipt of their loan funds. Federal Work-Study awards are not reflected as credits on the Registration Confirmation. The student is paid bi-weekly for hours worked and may earn up to the amount specified in the Statement of Financial Aid Eligibility. All students who received Federal Stafford Loan, Federal Perkins Loan, University Direct Student Loan, USC Subsidized Loan or Health Professions Student Loans must attend an exit loan counseling interview when they cease to be enrolled at least half-time.