Federal Perkins Loans Made On Or After July 1, 1987
Federal Perkins borrowers with loans received on or after July 1, 1987 might qualify for the deferment benefits stated below as well as those applicable to loans received prior to July 1, 1987.
Interest will not accrue and installments need not be paid for a period in excess of limit stated.
- Internship or residency leading to a degree/certificate awarded performed in a facility offering post graduate training. (2-year limit)
- Temporary Total Disability for borrower or spouse. (3-year limit)
- Temporary Total Disability of a dependent in your care preventing you from attending school or from being employed. (3-year limit)
- Active duty in the National Oceanic and Atmospheric Administration Corps. (3-year limit)
- Parental leave deferment if the following provisions are met by you, the borrower:
- a. Are pregnant or are caring for your newborn or newly adopted child; and,
- b. Not gainfully employed/attending school; and,
- c. Have attended an eligible school at least 1/2 time during the last six months. (6-month limit)
- The mother of pre-school age children and are entering or re-entering the workforce making less than $1 more than Federal minimum Wage. (12-month limit)