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Effective July 1, 2006, serving in the military in a Hostile-Fire zone may be eligible to defer your Federal Perkins loan for up to three (3) years, interest-free. Previously, Perkins borrowers serving in the military were eligible for Forbearance, but not Deferment.
If you are serving in a Hostile Fire Zone, you may also be eligible for Partial Cancellation.
Military Deferment, and Cancellation/Cancellation Deferment request forms are completed on an annual basis. Cancellation forms must be certified by the commanding officer.
Click here to obtain benefit forms.
To discuss the type of benefit for which you are eligible, write or call the Office of Student Loan Accounts & Collections.
Notes: Deferment is only available on loans made since July 1, 2001.
Military deferment cannot exceed three (3) years. It applies to periods of war, military operations, or national emergency as specifically defined. A borrower must be a reservist called to active duty or regular military personnel assigned to duty stations other than the normal duty station.
Deferment cannot be processed prior to July 1, 2006, but may be processed retroactively to the beginning of the current Iraq military operation. Generally speaking, borrowers who were eligible for Forbearance are now eligible for interest-free Military Deferment instead.
It is the borrower's responsibility to request these benefits. Borrowers who plan to apply for cancellation should submit a cancellation form with proper documentation. Borrowers not eligible for cancellation should submit a defement request with proper documentation.
A copy of current military orders of a written statement from a borrower's commanding officer shall be considered sufficient documentation to approve these benefits.
Payment is not required while you are in deferment prior to cancellation.
If you make any payments while you are eligible for partial cancellation, the amount paid cannot be refunded to you.
A borrower must be serving in designated Hostile Fire Zones to be approved for cancellation.
Cancellation is over a four year period, 12 1/2% per year.
Cancellation is separate from Military Loan Repayment.
If you are Forbearance, interest continues to accrue.
Past due Bursar's balances, Stafford, PLUS, HHS, Institutional, and Alternative loans generally do not qualify for cancellation for military service.
If you are serving in a Hostile Fire Zone, you may also be eligible for Partial Cancellation.
Military Deferment, and Cancellation/Cancellation Deferment request forms are completed on an annual basis. Cancellation forms must be certified by the commanding officer.
Click here to obtain benefit forms.
To discuss the type of benefit for which you are eligible, write or call the Office of Student Loan Accounts & Collections.
Notes: Deferment is only available on loans made since July 1, 2001.
Military deferment cannot exceed three (3) years. It applies to periods of war, military operations, or national emergency as specifically defined. A borrower must be a reservist called to active duty or regular military personnel assigned to duty stations other than the normal duty station.
Deferment cannot be processed prior to July 1, 2006, but may be processed retroactively to the beginning of the current Iraq military operation. Generally speaking, borrowers who were eligible for Forbearance are now eligible for interest-free Military Deferment instead.
It is the borrower's responsibility to request these benefits. Borrowers who plan to apply for cancellation should submit a cancellation form with proper documentation. Borrowers not eligible for cancellation should submit a defement request with proper documentation.
A copy of current military orders of a written statement from a borrower's commanding officer shall be considered sufficient documentation to approve these benefits.
Payment is not required while you are in deferment prior to cancellation.
If you make any payments while you are eligible for partial cancellation, the amount paid cannot be refunded to you.
A borrower must be serving in designated Hostile Fire Zones to be approved for cancellation.
Cancellation is over a four year period, 12 1/2% per year.
Cancellation is separate from Military Loan Repayment.
If you are Forbearance, interest continues to accrue.
Past due Bursar's balances, Stafford, PLUS, HHS, Institutional, and Alternative loans generally do not qualify for cancellation for military service.
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