The following Forbearance options only apply to Perkins Loans, see other Forbearance Options for other federal loans.
If your Title IV debt burden equals or exceeds 20% of your gross income, you may be eligible for forbearance.
|Criteria||Federal Perkins/National Direct disbursed on or after 07/01/93||Federal Perkins disbursed between 07/01/87 & 07/01/93||National Direct disbursed between 10/01/80 & 07/01/93||National Direct disbursed before 10/01/80||National Defense|
|Forbearance||3 years renewable annually||3 years renewable annually||3 years renewable annually||3 years renewable annually||3 years renewable annually|
Note: The Financial Arrangement form listed is available in portable document format (PDF). If you do not have a PDF reader, you can download a free copy from Adobe Acrobat Reader. It will take a few minutes to complete the download.