Federal Perkins Loans Made On Or After July 1, 1993
Federal Perkins borrowers with loans received on or after July 1, 1993, might qualify for deferment benefits stated below. The repayment period can be interrupted and payments deferred for any period during which:
- The borrower is enrolled in an institution of higher learning and pursuing at least a half-time course of study;
- The borrower is pursuing a course of study in an approved fellowship program or approved rehabilitation training program for disabled individuals (This entitlement does not include a medical internship or residency program.);
- The borrower is unable to find full-time employment (3-year limit);
- The borrower might be experiencing economic hardship. (3-year limit); and,
- The borrower is engaged in services described under the cancellation provisions.