The federal government will pay the interest towards the backed Federal pupil money during this time period

The federal government will pay the interest towards the backed Federal pupil money during this time period

Disability Rehab Deferment. Individuals with disabilities may qualify for a deferment for the duration of an approved full-time rehabilitation training program. There is no time limit title loans Parsons on the disability rehabilitation deferment.

Unemployment Deferment. The unemployment deferment is available to borrowers who are seeking, but unable to find, full-time employment. Full-time employment is defined as involving at least 30 hours of work per week in a job that is expected to last at least three months. There is a three-year limit on the unemployment deferment.

Financial Difficulty Deferment. To qualify for this deferment, borrowers must be receiving federal or state public assistance (e.g., TANF, SNAP, SSI, etc.), serving as a volunteer in the Peace Corps, or working full-time but earning less than the federal minimum wage or less than 150% of the poverty line for the borrower’s family size. Continue reading « The federal government will pay the interest towards the backed Federal pupil money during this time period »