You are not responsible for paying accrued interest on subsidized federal loans during most deferments.
You remain responsible for interest that accrues on your unsubsidized loans.
There is a deferment for Health Education Assistance Loan (HEAL) borrowers as well.
For Direct Loans only (excluding Parent PLUS and Consolidation Loans that repaid Parent PLUS)For Direct Loans only (excluding Parent PLUS and Consolidation Loans that repaid Parent PLUS)For Direct Loans and FFELP Loans (excluding Parent PLUS and Consolidation Loans that repaid Parent PLUS)For Direct Loans only.NOTE: Direct PLUS Loans made to parents may be eligible if they are consolidated into a Direct Consolidation Loan made based on an application received on or after July 1, 2006.The repayment term is generally up to 10 years and may be up to 30 years for Consolidation Loans.Extended repayment plans offer up to 25 years to repay your loans.Monthly payment amounts are based on your total loan amount – the more you owe, the higher your monthly payment will be.
You'll pay less interest over time under this plan than under other plans.
Cancer Treatment You may be eligible if you are receiving treatment for cancer.
Economic Hardship If you're having temporary issues making your student loan payments due to economic hardship or serving in the Peace Corps, you may be eligible for up to three years of deferment.
You may lose benefits under the Servicemembers Civil Relief Act if you consolidate while on active duty.
Adding Other Loans to a Consolidation Loan You may also add eligible federal loans to your existing Direct Consolidation Loan using the form below if you are within 180 days of the date we paid off the first loans you are consolidating.
Certain eligibility conditions apply and an annual renewal is required – so be sure to find out how these plans work.