DELAY REPAYMENT OF A FEDERAL PLUS LOAN FOR GRADUATE STUDENTS

There are reasons why you may not be able to meet the obligations of your Graduate PLUS Loan. The good news is you don't have to default on your PLUS Loan or possibly hurt your credit.

Delay Payments with a Deferment

If you wish to delay payment on your Graduate PLUS Loan, you may be eligible for a deferment. If you qualify, your loan repayment schedule may be temporarily postponed.

For example, you may be eligible for a deferment if you:

• Have extended your enrollment period, or
• Study at least half time at a postsecondary school, or
• Are unable to find full-time employment, or
• Have economic hardship

Get a breather from payments when necessary.

If you're ever unable to make your PLUS Loan payments, you may be eligible for a temporary forbearance. This option allows you to forgo making monthly payments for a specified period of time. You must apply for forbearance annually and you will be responsible for interest that accrues during forbearance.

Here are some other important facts about forbearance:

• Forbearance must be applied for each year.
• You must continue to make all necessary loan payments until notified by your loan servicer that forbearance has been approved.
• The forbearance period is excluded from the period of repayment. So, if your repayment period is 10 years, the 10-year period will not begin until you are making loan payments.

Let Us Help

If you need to postpone your payments¹, please notify our Customer Service Department at (877) 689-0763, or call your loan servicer for more information.

Download a Deferment or Forbearance Form

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