Deferment Options | Office of Student Loans | Vanderbilt University

Student Deferments

Federal Perkins Loan Deferments

Federal Nursing Loan Deferments

Vanderbilt University Medical School Loan Deferments

Federal Nurse Faculty Loan Deferments

Economic Hardship, Unemployment Deferments and Forbearance

Student Deferments:


Federal Perkins Loans:
Deferments might be granted one semester at a time whereas a borrower is enrolled for at the least a half-time course load.


Federal Nursing Loans:
Deferments might be granted one semester at a time whereas a borrower is enrolled for at the least a half-time course load in nursing research for as much as ten years.


All different Vanderbilt institutional loans (besides 7% School of Nursing Loans):
Deferments might be granted one semester at a time whereas a borrower is enrolled for a full-time course load.



Applying for deferment


Acceptance requires certification of enrollment standing by the registrar’s workplace at your school or college.

Deferment types might be discovered right here.

Other Federal Perkins Loan Deferments:


Graduate Fellowship Deferments:
Deferments might be granted one 12 months at a time whereas a borrower is enrolled and in attendance as a daily student in a course of examine that’s a part of a graduate fellowship program authorized by the Department of Education, together with graduate or postgraduate fellowship-supported examine (similar to a Fulbright grant) exterior the United States. An eligible graduate fellowship program is a fellowship program that meets the next standards: 1) gives ample monetary help to graduate fellows to permit for full-time examine for at the least six months; 2) requires a written assertion from every applicant explaining the applicant’s goals earlier than the award of that monetary help; 3) requires a graduate fellow to submit periodic reviews, tasks, or proof of the man’s progress; and 4) within the case of a course of examine at a overseas college, accepts the course of examine for completion of the fellowship program.


Rehabilitation Training Deferments:
Deferments might be granted one 12 months at a time whereas a borrower is enrolled in a course of examine that’s a part of a Department of Education-approved rehabilitation coaching program for disabled people. The borrower should additionally present certification that the company is licensed, authorized, licensed or in any other case acknowledged by the state company chargeable for applications in vocational rehabilitation, drug abuse therapy, psychological well being companies or alcohol abuse therapy; or by the Department of Veterans Affairs. Further documentation is required stating that the company gives or will present the borrower rehabilitation companies below a written plan that’s individualized to fulfill the borrower’s wants, specifies the date that companies will finish and is structured in a approach that requires substantial dedication from the borrower. A considerable dedication from the borrower is a dedication of effort and time that might usually forestall the borrower from holding a full-time job both due to the variety of hours that should be dedicated to rehabilitation or due to the character of the rehabilitation.


Active Duty Military Deferments:
Deferments might be granted one 12 months at a time whereas a borrower serving on lively obligation or performing qualifying National Guard obligation in reference to a battle, navy operation, or nationwide emergency. Documentation establishing eligible lively obligation service might embrace a duplicate of the borrower’s navy orders, or a written assertion from the borrower’s commanding officer or personnel officer that the borrower is serving in an eligible capability.

The total 3-year restrict for this deferment was eradicated in October of 2007, as was the supply that restricted the provision of the deferment to loans first disbursed on or after July 1, 2001. A borrower might obtain deferment for all eligible excellent loans in compensation as of October 1, 2007. A borrower whose deferment eligibility had expired as a result of prior 3-year limitation and who was nonetheless serving on eligible lively obligation on or after October 1, 2007 might obtain the deferment retroactively from the date the prior deferment expired till the tip of the borrower’s lively obligation service.

Effective October 1, 2007, the deferment now’s prolonged 180 days for qualifying intervals of service that embrace October 1, 2007 or that start on or after that date. This extra interval is accessible every time a borrower is demobilized on the conclusion of qualifying service. This extra 180 day deferment might not be granted with out documentation supporting the borrower’s declare of end-of-military-service date.


Military and Volunteer Service Deferments (Federal Perkins Loans made earlier than July 1, 1993 solely):
Deferments might be granted one 12 months at a time for a interval to not exceed three years whereas a borrower is: 1) on full-time lively obligation within the Armed Forces or the National Oceanic and Atmospheric Administration Corps; 2) in volunteer service as a member of the Peace Corps or AmeriCorps*VISTA or 3) an officer within the Commissioned Corps of the U.S. Public Health Service.


Internship and Residency Deferments (Federal Perkins Loans made earlier than July 1, 1993 solely):
Deferments might be granted one 12 months at a time for a interval to not exceed two years whereas a borrower is: 1) serving in an internship program which is required in an effort to obtain skilled recognition required to start skilled apply or 2) serving in an internship or residency program resulting in a level or certificates awarded by an establishment of upper training, a hospital, or a well being care facility that provides postgraduate coaching.


Parenting Deferments (Federal Perkins Loans made earlier than July 1, 1993 solely):
Deferments might be granted throughout a interval of as much as one 12 months if a borrower is a mom of a pre-school age youngster, supplied the mom goes to work (or going again to work) at a wage that’s not more than $1.00 above the minimal hourly wage. A borrower can also defer compensation for as much as six months if the borrower is pregnant or if she or he is caring for a new child or newly adopted youngster. The borrower should be unemployed and never attending faculty and should apply for deferment inside six months of leaving faculty or dropping under half-time standing.


Temporary Total Disability Deferments (Federal Perkins Loans made earlier than July 1, 1993 solely):


An affidavit from a professional doctor is required to show incapacity. A borrower is quickly completely disabled if she or he is, resulting from sickness or harm, unable to attend an eligible faculty or to be gainfully employed throughout an inexpensive interval of restoration.

A borrower might obtain deferment for short-term complete incapacity of a partner or dependent if the partner or dependent requires steady nursing or different companies from the borrower for a interval of at the least three months resulting from sickness or harm. The definition of dependent for short-term complete incapacity deferment functions is identical because the definition used within the Free Application for Federal Student Aid (FAFSA) for a member of the unbiased applicant’s family: A borrower’s dependent is a baby who receives greater than half of his or her monetary help from the borrower or one other one who lives with the borrower and who receives greater than half of his or her monetary help from the borrower.

Please contact the Office of Student Loans for particulars.



Applying for deferment


Acceptance requires certification of employment or service standing by one of many following.

Armed Forces – your commanding officer
Peace Corps – Division of Volunteer Support, Peace Corps, Washington, DC
VISTA – Division of Field Operations, VISTA, Washington, DC
U.S. Public Health Service – Health Resources & Services Admin., Rockville, MD
Internship or residency – the director of the internship/residency program

Deferment types might be discovered right here.

Other Federal Nursing Loan Deferments:


Military and Volunteer Service Deferments:
Deferments might be granted one 12 months at a time for a interval to not exceed three years whereas a borrower is: 1) on full-time lively obligation within the Armed Forces or the National Oceanic and Atmospheric Administration Corps; 2) in volunteer service as a member of the Peace Corps or 3) an officer within the Commissioned Corps of the U.S. Public Health Service.


Advanced Professional Training Deferments:
Deferments might be granted one 12 months at a time whereas a borrower is pursuing superior coaching in nursing or are engaged in coaching to change into a nurse anesthetist. The laws outline superior coaching in nursing as full-time or half-time coaching past the borrower’s first diploma or diploma in nursing. Advanced coaching should take one 12 months or longer to finish and strengthen the borrower’s expertise within the provision of nursing companies. A borrower might not acquire greater than ten years of deferment for full-time or half-time enrollment and superior skilled coaching mixed. For instance, if a borrower deferred a Federal Nursing Loan for 5 years on the idea of full-time student standing, that she or he would solely have the ability to acquire one other 5 years of deferment for superior skilled coaching.

Applying for deferment:
Acceptance requires certification of employment or service standing by one of many following.

Deferment Certification
Armed Forces – your commanding officer
Peace Corps – Division of Volunteer Support, Peace Corps, Washington, DC
U.S. Public Health Service – Health Resources & Services Admin., Rockville, MD
Advanced skilled coaching – the director of the skilled coaching program

Deferment types might be discovered right here.

Vanderbilt University Medical School Loan Deferments:


Health Professions Student Loans (HPSL), Loans for Disadvantaged Students (LDS) and Vanderbilt University Medical School institutional loans:


Internship and Residency Deferments:
Deferments might be granted one 12 months at a time whereas a borrower pursues superior skilled coaching, together with internships and residencies.

Vanderbilt University institutional loans with a 7% rate of interest have a most of three years allowed for this deferment.


Fellowship Training Deferment:
Deferments might be granted one 12 months at a time for a interval to not exceed three years whereas a borrower participates in a fellowship coaching program or full-time instructional exercise, as outlined by laws of the Secretary of Health and Human Services.

Vanderbilt University institutional loans with a 7% rate of interest will not be eligible for this deferment.


Student Deferments:
Deferments might be granted one 12 months at a time if a borrower pursues a full-time course of examine at a well being professions faculty eligible for participation within the HPSL program.


Leave of Absence Deferments:
Deferments might be granted for a interval to not exceed two years if a borrower leaves Vanderbilt University with the intent to return as a full-time student to have interaction in a full-time instructional exercise which is instantly associated to the well being career for which she or he is making ready.


Military and Volunteer Service Deferments:
Deferments might be granted one 12 months at a time for a interval to not exceed three years whereas a borrower is 1) on full-time lively obligation within the Armed Forces or the National Oceanic and Atmospheric Administration Corps; 2) in volunteer service as a member of the Peace Corps or 3) an officer within the Commissioned Corps of the U.S. Public Health Service.

Deferment types might be discovered right here.



Primary Care Loans (PCL):


Internship and Residency Deferments:
Deferments might be granted one 12 months at a time whereas a borrower participates in 1) a 3 12 months residency program in allopathic or osteopathic household medication, inside medication, pediatrics, mixed medication/pediatrics, or preventive medication authorized by the Accreditation Council of Graduate Medical Education (ACGME) or by the American Osteopathic Association (AOA), or in a rotating or major well being care internship and common apply residency program authorized by the AOA; or 2) participates in a residency program in General Dentistry.

Deferment types might be discovered right here.

Federal Nurse Faculty Loan Deferments:

Deferments could also be granted one 12 months at a time for a interval to not exceed three years whereas a borrower is ordered to lively obligation as a member of a uniformed service of the United States (Army, Navy, Marine Corps, Air Force, Coast Guard, the National Oceanic and Atmospheric Administration Corps, or the U.S. Public Health Service Commissioned Corps). Borrowers who voluntarily joins a uniformed service will not be eligible for deferment, nor are debtors who’re employed by one of many uniformed companies in a civilian capability.

Deferment types might be discovered right here.

Economic Hardship Deferments, Unemployment Deferments:

Short-term deferments and forbearances might be granted to help debtors by means of intervals of short-term financial problem. Eligibility is decided by the Office of Student Loans and all requests must be made in writing.

A Perkins Loan borrower is entitled to an financial hardship deferment for intervals as much as one 12 months at a time, to not exceed three years cumulatively, if sure standards are met.

A Perkins Loan borrower might defer compensation for as much as three years if the borrower is searching for and is unable to seek out full-time employment.

Medical School Loan debtors could also be entitled to an financial hardship forbearance, as much as three years. 

Deferment types might be discovered right here.

For forbearance of all different institutional loans, as much as three years, mail, fax or electronic mail a written request to our workplace.

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