The forms for federal loan deferment, forbearance, and cancellation can be found on the Treasurer's Office website at: http://www.treasurer.ohio-state.edu/stud_guards/sls_forms.html. Click on the link for DOWNLOAD STUDENT LOAN FORMS. This link also provides a form for permission to release information (gives family members authority to inquire about your academic/ loan records). This is for federal loans only. Contact your bank lender for all other loans.

You will be eligible for a deferment or forbearance on the Federal Consolidation Loan as long as you meet the eligibility requirements. It is also possible that you will lose some deferment options by consolidating.

All of ECSI's forms are located on our Borrower Forms page. If your school is listed under "School Specific Forms," please click on the link for your school, and use those forms. If your school is not listed, then scroll down to the "ECSI Forms" section, and use the forms listed there.

If your loan(s) is a subsidized Stafford loan, the federal government will pay the interest that accrues during the deferment period. If your loan(s) is unsubsidized, you are responsible for the interest that accrues during the deferment period. If VSAC agrees to grant a forbearance, you are responsible for the interest that accrues on your loan(s) during the period of forbearance.

Deferments are for federal education loans only and may have benefits that a forbearance does not. To qualify for a deferment, and some types of forbearances, you must meet specific criteria.

Please bring all Loan Deferment paperwork to the Office of Student Affairs (Room M125-MSB) to be completed. We will mail it upon completion. Otherwise, please indicate whether you would like to pick it up for have it put in your PO Box. Please do not fill in the dates. We will complete the dates. We can only complete the form each academic year.

Absolutely! When you consolidate your student loans you still maintain your federal rights. You maintain/refresh 3 years of deferment & forbearance for a total of 6 years.

You remain eligible for all types of loan payment forbearance as described in your original Stafford, PLUS, and SLS loan promissory notes.

VSAC reports your loans to national credit bureaus every month regardless of the status of your loan(s). Keep in mind that a loan that is past due is reported as past due regardless of a pending deferment or forbearance. Therefore, you should continue to make payments on your loan(s) until VSAC notifies you that your request has been approved. A completed application does not alter the historical record of payments reported to the credit bureaus.

To determine if you are eligible to renew your deferment or forbearance, contact VSAC toll-free at 800-798-8722 for assistance.

A deferment is a temporary period during which no student loan payment is due if requirements are met. Interest payments can be made or, if postponed, the interest is capitalized and added on to the principal. Forbearance is a period of time, granted at the lender's discretion, during which no loan payments of principal are required. The borrower must prove that he or she is willing but unable to make payments.

Servicers that are not yet Clearinghouse members still request paper deferment forms. However, most of the largest servicers offer "paperless deferments" whereby students from a Clearinghouse school can request a deferment over the phone. These servicers rely on electronic enrollment status supplied by the Clearinghouse instead of using paper forms.

This agency considers you in default based on the information sent by your lender. If you have concerns about a deferment/forbearance, you need to contact your lender. You are still expected to make arrangements to set up a satisfactory repayment agreement with OGSLP. You can enter into a satisfactory repayment plan with OGSLP. Contact OGSLP for further assistance at 1.800.522.8022.

No. The Federal Consolidation Loan has deferment and forbearance options. The three most common deferments are:

The choice depends on individual circumstances. But a deferment is usually the better choice because, with subsidized Stafford loans, the federal government will pay the interest that accrues during the deferment period. Keep in mind that one of the major differences between a deferment and a forbearance is that a deferment is automatically granted (if you qualify), whereas a forbearance is granted at the lender's discretion.

A grace period refers to a specific period of time during which you are not required to begin paying your loans back. Different loans have different grace periods. If you ever have a problem making your monthly loan payments, you may be able to postpone repayment through deferment or forbearance. Deferments may be offered on loans for periods or unemployment, enrollment in school, or economic hardship.

A loan deferment certifies your enrollment for the current semester allowing you to postpone repayment of the principal balance of the loan. The In-School Deferment must be returned to the Office of the Registrar.

Yes, please refer to the Federal Consolidation Loan Deferment and Forbearance Benefits page for a complete description of deferment and forbearance eligibility rules.

The following conditions allow cancellation or discharge of Direct and FFEL Program loans (contact the loan holder for specific requirements): Closed School (before student could complete program of study) or False Loan Certification for loans received on or after January 1, 1986

Forward FFELP and Direct Loan program deferment forms to the Clearinghouse. Please make sure that your students fill out the deferment forms before you forward them to us, including the lender's name and address and the student's Social Security Number. If you like, for a fee of $1.50 per certification, we can also process Perkins and private loan program deferment forms.

A deferment of the service obligation may be granted for up to one year for any circumstances which constitute an unusual hardship, as judged by the Ohio Board of Regents. These circumstances may include serious illness, pregnancy, disability and/or the inability to secure employment or involuntary termination of employment. No interest shall accrue during any deferment period.

The Registrar's Office completes the form. In some cases, that office may send the form to the Graduate School (if you have a fellowship). The Registrar's Office is located in Suite 5101, 5057 Woodward. If you are a Master's student and have completed all course and thesis credits, you cannot be considered full-time unless you are enrolled for eight credits (fall or winter) and/or two credits during the spring/summer.

To request any type of deferment for the Perkins loan, you must download the appropriate form from the Bursar's website under downloadable forms. For a Financial Hardship deferment, please include the following documentation: a copy of your most recent pay stub and verification of your other student loans. For an In-school Deferment please have the form completed by the Registrar's Office at the institution at which you are currently enrolled.

TEAMS/AmeriCorps Fellows who are earning an education award are uniquely eligible for one type of postponement of the repayment of their qualified student loan called forbearance. During this forbearance based on national service, interest continues to accrue. If you successfully complete your term of service and earn an education award, the Trust will pay all or a portion of the interest that has accrued on your qualified student loans during this period.

AmeriCorps members who have earned an education award are eligible to have the Trust pay up to 100% of the interest that accrued on their qualified student loan during their service. To have the Trust pay all or a portion of the interest accrued on your qualified student loans, the Trust must receive verification from your project that you have completed your service and are eligible for an award.

Payments can be made at ANYTIME. If you are in school, or your loan is in a grace period, deferment, or forbearance, you will not receive monthly bills, but checks or money orders can be made payable to the U.S. Department of Education. Please include the borrower's Social Security Number on the check or money order and mail it to:

If a parent (of a dependent student) applies for and is denied a Federal PLUS Loan because of poor credit or low income, the student may be eligible for an additional Unsubsidized Federal Stafford Loan. Loyola's preferred lenders routinely notify OSFA about loans that are denied, and the addition of the Unsubsidized Federal Stafford Loan will be done automatically. A student may also bring a copy of the denial notice to OSFA (lenders are required to send notice in writing of the denial).

Student loan proceeds are sent, in multiple disbursements, by a financial institution to Loyola. New Federal Stafford Loan borrowers are subject to a 30-day delayed delivery period before their first disbursement can occur. If the Federal Stafford Loan funds are sent by Electronic Funds Transfer (EFT), the proceeds are applied as a credit to your university account with the Office of the Bursar.

A Federal Consolidation Loan is a loan that repays some or all of your outstanding eligible federal student loans, and replaces the multiple payments you may be making each month with a single student loan payment. In most cases, your repayment term is extended to make your monthly payments more affordable; however, you may always prepay your loan with no penalties.