How It Works
If you do not have a full-time job (meaning you work less than 30 hours per week), you can postpone your payments for 6 months at a time for up to 3 years. However, you must make six diligent attempts to obtain full-time work during each 6-month period.
What You'll Need
- Both the date that you became unemployed and the date that you wish to begin deferring payments. If you have already missed some payments, you can back-date the beginning of deferment. Ask your servicer for details.
- One of the following forms of supporting documentation:
- Proof that you have applied for and are receiving regular unemployment benefits.
- Proof that you're registered with a job placement agency within 50 miles of your home. Registering with your state employment agency, even if you aren't getting unemployment benefits, fulfills this requirement. However, posting your resume online or signing up with a temp agency doesn't count.
Where To Send This Form
Submit this form to your loan servicer (the company that sends you the bills). If you don't know who that is, you can go to the National Student Loan Data System (NSLDS®) to find out.
Note: If you are working at least 30 hours per week and can't afford your payments, use the Economic Hardship Deferment Request instead.