Payment Problems | Perkins Loan Exit Interview Presentation

Perkins Loan Exit Interview

Page 10 of 16

What to do if I cannot pay?

Call our office, there are options available to you:

  • Deferment Periods - if you are attending another school, proof of registration is required each semester or quarter
  • Forbearance Periods - approved for six (6) month intervals per request, not to exceed 36 months over life of loan; interest does accrue but no payments are due. Accrued interest, current payment, and any other prior amounts are due when this period ends
  • Special Payment Arrangements
  • Military Deferment - if you are on active military duty or qualified National Guard duty during a war or other military operation or national emergency, please contact our office
  • Unemployment Deferment - approved for three (3) month intervals per request, followed by a six (6) month grace period; principal not interest accrues
  • Economic Hardship - approved for up to one (1) year per request, not to exceed three (3) year maximum; principal not interest accrues

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rev. 05/19/2017