In certain circumstances you may delay repayment beyond graduation – for example, if you go back to school, are unemployed, or have a temporary economic hardship.

Regardless of your situation, it’s important that you act quickly to avoid default and maintain your good credit.

Delay Repayment of a Federal Stafford Loan
You may be eligible to postpone your payments by applying for a deferment or forbearance. A deferment can temporarily stop loan payments. Forbearance lets you temporarily stop loan payments or reduce their amount. You will be responsible for repaying all accrued interest with an unsubsidized Stafford Loan.

Delay Repayment of a Federal PLUS Loan
If you apply for forbearance, while your dependent student is in school, you can forgo making monthly payments for up to four academic years. You will be responsible for interest that accrues during forbearance.

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