Does interest accrue during an economic hardship?
No. Interest does not accrue during the deferment or the six-month post grace period. back to top What is a Type “J” military deferment? A military deferment may be granted to borrowers who are serving on active duty during a war or other military operation, or national emergency, or performing qualifying National Guard duty during war or other military operation or National Emergency. Your borrower may download the appropriate military deferment form from our Web site or send us a copy of his/her military orders. The borrower may also submit a written statement from his/her commanding officer or personnel officer.
