A borrower is entitled to have the repayment of a loan deferred under certain circumstances. A deferment is a period of time during which the borrower is not required to repay the loan principal and interest does not accrue. After each deferment, a borrower is entitled to a post-deferment grace perod of six consecutive months.

How to apply for a deferment:

1. Ensure you qualify by checking the specific eligibility requirements for the deferment type that you are applying for.
2. Download the required form from the ACS website.
3. Complete the form in detail and be sure to include any required authorization or documentation listed in the eligibility requirements section.
4. Send the form to ACS for processing (the address is on the form). The form must be submitted in a timely matter. If it is not, and the loan is past-due, a LATE CHARGE will be assessed and the loan may be REPORTED AS A DELINQUENT ACCOUNT TO THE NATIONAL CREDIT BUREAUS.
5. After ACS reviews/processes the deferment the borrower will receive notification that the deferment was applied, rejected, or returned for additional information.

NNU is not required to grant a deferment on loans in default. The borrower must file a form at least once a year for as long as the deferment can be claimed. For student deferments, the borrower must file a form at the beginning of each term/semester. The borrower must immediately report any change in deferment status to the NNU.

The following types of deferments are available for borrowers with a Federal Perkins loan. To see the the eligibility requirements for each one and to download a deferment form, click here.