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How many times can you defer your student loans with the federal government?

By admin | May 13, 2009

quake1920 asked:


I just completed graduate school a few months ago and I consolidated my student loans from undergrad and grad school and it is time to start repayment on my student loans. How many times can you defer your student loans..I consolidated them with the extended payment plan which is 30 years?

Dora
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    No Responses to “How many times can you defer your student loans with the federal government?”

    1. L W Says:
      May 14th, 2009 at 2:40 pm

      I’ve heard of Doctors that never repay their loan. They keep putting them off several times.

    2. scrappysmom Says:
      May 17th, 2009 at 5:29 pm

      there is a economic hardship which can extend 4 years, there is an interest only payment that last 2 years.. There is a income sensitive (u pay a percentage of ur income) this can go 4 years I think.. Then u have some for illness, unemployement or underemployment… I would say probably 20 years if u qualify for all the deferments.. And if u ever get sick and become disabled they will write them off and cancel the debt.

    3. KyFADirector Says:
      May 19th, 2009 at 10:33 pm

      The lenders restrictions.
      The rules for deferment you might have changed so each time you can continue to make any payments can be taken quite frequently too as long as.