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How to Get a Student Loan Deferment
Student loan deferment can pause federal loan payments, often for up to three years, if you qualify.
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NerdWallet's content is fact-checked for accuracy, timeliness and relevance. It undergoes a thorough review process involving writers and editors to ensure the information is as clear and complete as possible.
Ryan Lane is an editor on NerdWallet’s small-business team. He joined NerdWallet in 2019 as a student loans writer, serving as an authority on that topic after spending more than a decade at student loan guarantor American Student Assistance. In that role, Ryan co-authored the Student Loan Ranger blog in partnership with U.S. News & World Report, as well as wrote and edited content about education financing and financial literacy for multiple online properties, e-courses and more. Ryan also previously oversaw the production of life science journals as a managing editor for publisher Cell Press. Ryan is located in Rochester, New York.
Des Toups was a lead assigning editor who supported the student loans and auto loans teams. He had decades of experience in personal finance journalism, exploring everything from car insurance to bankruptcy to couponing to side hustles.
Anna Helhoski is a senior writer covering economic news and trends in consumer finance at NerdWallet. She is an on-air contributor and producer of Money News segments for NerdWallet's Smart Money podcast. She is also an authority on student loans. She joined NerdWallet in 2014. Her work has been syndicated in news outlets nationwide including The Associated Press, The New York Times, The Washington Post, The Los Angeles Times and USA Today. She previously covered local news in the New York metro area for the Daily Voice and New York state politics for The Legislative Gazette. She holds a bachelor's degree in journalism from Purchase College, State University of New York.
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Student loan deferment can pause your monthly loan payments, often for a maximum of three years. But it's not a great long-term option. Even if you qualify for a deferment, you probably shouldn’t use it unless the following are true:
You have subsidized federal loans or Perkins loans — these don’t accrue interest during deferment.
You can’t afford to make any payment on your student loans.
You'll be able to restart repayment relatively soon.
If you won’t be in good shape financially for a while, opting for an income-driven repayment plan is a better choice.
How to defer your student loans
To defer student loans, you must meet specific eligibility criteria and still have deferment time available in your lifetime limit. You can defer federal student loans only for so long — in most cases, the maximum is three years total.
To apply, send your student loan servicer the appropriate application and any necessary documentation, like proof of unemployment benefits. Your student loan servicer must grant you a deferment if you qualify, but keep making payments until you're officially approved.
Here are the most common kinds of federal student loan deferment:
In-school deferment
An in-school deferment pauses your loan payments when you’re enrolled in an eligible college or career school at least half-time, including graduate school, as well as six months after you graduate or leave school. Those six months are also known as the student loan grace period.
If you qualify, you should automatically receive an in-school deferment. If you don't, ask your school’s admissions or enrollment office to send your information to your student loan servicer.
Parent PLUS borrowers can receive a similar deferment while the student using the loan is enrolled at least half-time, but they must request it.
Length: This deferment is available as long as you — or the student benefitting from the loan, for parent PLUS borrowers — are enrolled at least half-time. There’s no time limit.
Unemployment deferment
To qualify for an unemployment deferment, you must be unemployed and doing either of the following:
Receiving unemployment benefits.
Diligently seeking full-time work, including registering with an employment agency, provided there is one within 50 miles of your home.
Length: Most borrowers can receive up to 36 months of unemployment deferment, and you must reapply every six months.
Economic hardship deferment
Any of the following can qualify you for an economic hardship deferment:
Receiving state or federal assistance — for example, through the Supplemental Nutrition Assistance Program or Temporary Assistance for Needy Families.
Not working full-time and earning a monthly income of less than 150% of your state’s poverty guidelines.
Volunteering in the Peace Corps.
Length: Most borrowers can receive up to 36 months of an economic hardship deferment, and you must reapply every 12 months if you’re not in the Peace Corps.
Military deferment
If you’re on active military service, you may be able to postpone your payments with a military deferment. Your service must be related to a war, military operation or national emergency to qualify.
Length: You’re eligible for this deferment as long as you’re on active military duty. You can also use it for 13 months after your service ends or until you return to school at least half-time — whichever happens first.
Cancer treatment deferment
Cancer patients with student debt can request deferment during treatment and for six months following the conclusion of cancer treatment. The request form is available on the student aid website.
Other types of deferment
The deferments listed above are the most commonly used ones. But other options exist if you’re in the following circumstances:
Enrolled in an approved graduate fellowship program.
Enrolled in an approved rehabilitation training program for the disabled.
Working toward Perkins loan forgiveness.
Borrowers with balances on federal student loans before July 1, 1993, have additional deferments as well — for example, for working mothers.
Many private lenders also let you defer student loans while you’re in school or the military. Contact your lender for eligibility details or to find out how to apply.
Is deferring student loans a bad idea?
Student loan deferment isn't necessarily a bad idea, but it can be expensive if you have private or unsubsidized federal student loans. Both of these loans accrue interest during deferment, and you’ll be responsible for paying it. If you don’t do this while the loan is in deferment, that unpaid interest will be capitalized, or added to your loan balance, when you enter repayment.
You can find out if your loans are unsubsidized by checking your studentaid.gov account.
Worried about affording your payments in the long run? Enrolling in income-driven repayment can offer the same immediate relief as student loan deferment, as well as additional long-term benefits.
You’ll likely still pay less each month. Many factors contribute to how income-driven payments are calculated. If you’re deferring loans because you don't earn much money, your income-driven payments could be as low as $0 — essentially the same amount as pausing payments altogether.
You can save on interest, too. A big benefit of deferment is not paying interest on subsidized loans. But most income-driven plans also waive those costs if your payments don’t cover accrued interest. This lasts for three years, the same length as unemployment and economic hardship deferments.
You’ll potentially earn loan forgiveness. After 20 or 25 years of payments, income-driven plans forgive any remaining balance on your loans. So instead of pausing payments for three years with a student loan deferment, you could pay under an income-driven plan and be that much closer to forgiveness.
You may pay more interest overall on income-driven repayment because these plans extend your repayment term. Use Federal Student Aid’s Loan Simulator to calculate the short- and long-term costs to see if an income-driven repayment plan makes more sense for you than a student loan deferment.
