How far in advance can a student deferment (Type S) be processed?
We process student deferments (Type S) through the current quarter/semester for most schools as long as the borrower submits a deferment form. However, the system will allow a form to be processed up to 18 months in advance. Deferments processed via enrollment data received from the National StudentClearinghouse (NSC) are processed up to a year in advance (through the current academic year). back to top What types of deferments defer principal? Hardship deferments and forbearances defer principal; however, interest continues to accrue and can be billed during or after the deferment. Economic Hardship, unemployment deferments, and student deferments (Type S) defer principal and interest and are followed by a six-month post-deferment grace period.