What are the criteria for obtaining a deferment?
There are two sets of standards for obtaining deferments. The old standards applied to loans disbursed before 7-1-93. The new standards which are somewhat more generous apply to loans disbursed after 7-1-93. Some of the more important grounds for deferment of loans disbursed prior to 7-1-93 are: • unemployment (maximum of two year deferment), • full-time student at participating school, • active duty status in the U.S. Armed Forces, • receiving, or being scheduled to receive service, under a program designed to rehabilitate disabled individuals, • temporary total disability, • providing nursing or similar services to a spouse who is temporarily totally disabled, • parental leave, and • being a mother of preschool children starting work at no more than $1.00 above the minimum wage The standards for loans disbursed after 7-1-93 are somewhat more generous. The maximum unemployment deferment period is increased from two to three years. The old three-year deferments for specified types of f
