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.
- Interest subsidy on Direct Subsidized Loans during the six-month grace period provided to students while they are no longer enrolled on at least a half-time basis has been eliminated. Interest on Subsidized Loan will begin accruing as soon as the student enters their grace period.
- 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.
In-school Deferment (Six Credits or More)
If you are attending an eligible school on at least a half-time status you may qualify for in-School deferment*. 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.
*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.
For All Other Deferments (Military, Hardship, etc.) and Avoid Delinquency
Call your individual loan servicer. To determine your servicer, log into "Financial Aid Review" on
National Student Loan Data System... http://www.nslds.ed.gov
You will need your PIN number and can request a duplicate at
www.pin.ed.gov
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.