If the payment amount is less than under the Standard Repayment plan amount in the year, the loan term is extended by one year. The maximum number of extensions is five. Go to the chart. Go to the chart. For PLUS Loans and unsubsidized student loans, only principal is deferred.
Interest continues to accrue.
Direct Loan borrower who have outstanding balances on FFEL Loans disbursed prior to July 1993 will be eligible for additional deferments. The deferment provisions in this chart for Perkins Loans apply to loans first disbursed on or after July 1, 1993. You must formally request a deferment through the procedures established by the holder of your loan, and you must continue making payments until you're notified that the deferment has been granted. Go to the chart. Program Loan can be discharged for the borrower's total and permanent disability or death.