Obtaining Loan Deferments
A deferment is a temporary suspension of a borrower's monthly loan payment. There are many different types of deferments available.
- During deferment of subsidized loans, principal payments are postponed and interest is not accrued.
- During deferment of unsubsidized loans, principal payments are postponed but interest continues to accrue. Accrued unpaid interest will be added to the principal balance (capitalized) of the loan(s) at the end of the deferment period. This will increase the amount borrowers owe.
If you are attending an eligible school on at least a half-time status you may qualify for in-School deferment*. There are two ways to notify Direct Loans of your enrollment information.
- Check with ISU Registrars Office at (208) 282-2661 to see if your enrollment can be reported to Direct Loans electronically.
- You will need to complete a student deferment form. You may obtain one by visiting the Deferment Forms page in the Forms section of www.myedaccount.com or by contacting the Direct Loan Servicing Center. Complete your portion of this form and deliver to the ISU Registrars Office who will certify your attendance and mail the deferment form to Direct Loans. If the form is properly completed and you are eligible, Direct Loans will defer your loans.
*A student is eligible for loan deferment if they are seeking a degree and are registered in 6 credits as an undergraduate or 5 credits as a graduate student. Terms of Repeat Coursework apply.
Access your www.myedaccount.com for Deferments
Need a Certificate of Enrollment? This certificate can be obtained for health insurer or other companies that request proof of enrollment through your BengalWeb account. If you have further questions contact Registration and Records at (208) 282-2661.