Once the repayment period begins, you may be eligible for periods of deferment during which interest does not accrue on the loan balance, and repayment of principal is not required. Periods eligible for deferment status are listed in the deferment table below.

Deferment forms must be completed and filed at least once a year and are the responsibility of the borrower. In some instances, a deferment form may be required each semester. Deferments are granted on a closed-ended basis, which is to say that they are granted for a set period of time based on the time-frame verified by the the institution you currently attend. They are NOT automatically renewed. The deferment form must be certified by the university registrar, commanding officer, employer, physician or Peace Corps officer, as applicable.

Click here to obtain deferment forms. To discuss your eligibility for a particular type of cancellation, write or call the Office of Student Loan Accounts & Collections.

Upon termination of deferment status, you may be entitled to a new grace period during which interest does not accrue and payment is not required.

Note: Past due Bursar's balances do not qualify for deferment.

Effective October 7, 1998, several new categories of deferments are available to older Perkins Student Loans. Check the chart below or call the Office of Student Loan Accounts for information regarding these new deferments.

ELIGIBLE DEFERMENTS FOR PERKINS AND UNIVERSITY LOANS

Types of Deferment Perkins
Funds
97 & 98
7/1/93
Perkins
Funds 94 & 95
10/1/92 - 6/30/93
Perkins
Funds
93 & 96
7/1/87 - 9/30/92
Marquette
University Loans
Student (half-time plus) Unlimited Unlimited Unlimited Unlimited a.
Student (less than half-time) N/A N/A N/A N/A
Rehabilitation Training Unlimited Unlimited e Unlimited e Unlimited
Graduate or Post-Graduate Fellowships Unlimited Unlimited e Unlimited e Unlimited
Military 3 yearsfg 3 yearsg 3 yearsg 3 years
National Oceanic & Atmospheric Administration Corps N/A 3 years 3 years 3 years
Peace Corps b N/A 3 years 3 years 3 years
VISTA b N/A 3 years 3 years 3 years
Private/Non-Profit/Volunteer b N/A 3 years 3 years 3 years
U.S. Public Health Service Corps N/A 3 years 3 years 3 years
Temporary Total Disability N/A 3 years 3 years N/A
Internship/Professional Practice N/A 2 years 2 years N/A
Pregnant/Adoption/Child Caring c N/A 6 months 6 months N/A
Mother of Preschool Children Entering Workforce d N/A 1 year 1 year N/A
Hardship - University Consideration - Principal only N/A Unlimited Unlimited Unlimited
Unemployment Hardship - Principal and Interest 3 years 3 years e 3 years e N/A
Economic Hardship - Principal and Interest 3 years 3 years e 3 years e N/A
Forbearance 3 years 3 years e 3 years e N/A

 

 

Note:
a. Full time for Rice Loans
b. Americorps Service does not qualify for this deferment.
c. For borrowers who are unemployed and interrupt a period of school deferment.
d. Working mothers who are compensated at a rate which does not exceed $1.00 above the minimum hourly wage.
e. This is effective 10/1/98. It is not retroactive.
f. This is effective 7/1/06. It may be processed retroactively to the beginning of the current Irag campaign.
g. Borrowers in Hostile-Fire Zones may also be eligible for Partial Cancellation.

ELIGIBLE DEFERMENTS FOR HEALTH PROFESSIONS STUDENT LOANS

 

Types of Deferment Dental
Fund 7
11/13/98
Dental
Funds 6 & 8
11/5/88 - 11/12/98
Dental
Fund 5
8/1/81 - 11/4/88
Nursing
Fund 15
11/13/88
Nursing
Fund 14
11/5/88 - 11/13/98
Nursing
Fund 13
10/2/81 - 11/4/88
Student (full-time) Unlimited a Unlimited a Unlimited a
10 years
Combined b
10 years
Combined b
5 years
Combined b
Student (half-time plus) N/A N/A N/A
Internship/Professional Practice Unlimited Unlimited Unlimited
Military 3 years 3 years 3 years 3 years 3 years 3 years
Peace Corps c 3 years 3 years 3 years 3 years 3 years 3 years
Hardship - University Consideration - Principal only d Unlimited Unlimited Unlimited Unlimited Unlimited Unlimited
Leave of Absence 2 years 2 years 2 years N/A N/A N/A
Fellowship Training Program and Related Education Activities for Graduates 2 years 2 years 2 years N/A N/A N/A

 

 Note:


a. Borrower must re-enter the same or another health professions school during the grace period.
a. The borrower must be a full-time student.

b. Student Deferment: The borrower must re-enter the same or another nursing school during the grace period.
b. The borrower must be at least a half-time student.
b. Advanced Professional Training: Borrower must be in full-time training in nursing  beyond the first diploma or degree in
b. nursing. Training must be of at least one academic year.

c. Americorps service does not qualify for this deferment.

d. Maximum loan repayment period remains 10 years, including the time during which the loan is in hardship deferment.