Federal Perkins Forbearance and Deferment

SUBJECT: Federal Perkins Forbearance and Deferment This assessment outlines the requirements for Federal Perkins Loan forbearance & deferment. If you identify areas requiring a corrective action, we recommend that you complete an Action Plan. Activity Bar: Perkins Forbearance & Deferment Activity 1: Policies & Procedures Additional Links: 2024-2025 FSA Handbook, Volume 6, Campus-Based Programs, Chapter 4 (digital version); pdf version For reference, the table below lists the regulatory areas related to Perkins Forbearance and Deferment. The left column shows the title of the regulatory section and summarizes the main content of some of the sections. The middle column includes a link to each regulatory section in the Electronic Code of Federal Regulations and any related guidance posted in the Knowledge Center. Where applicable, the associated assessment activity is listed in the third column.

Perkins Forbearance and Deferment Regulations

Section Title

Links

Assessment Activity

Forbearance 34 CFR 674.33(d)

Hardship forbearance 34 CFR 674.33(c)(1)

In-School deferments 34 CFR 674.34(b)(1)(i)

Graduate fellowship 34 CFR 674.34(b)(1)(ii)

Rehabilitation deferment 34 CFR 674.34(b)(1)(iv); 34 CFR 674.34(g)

Service deferments 34 CFR 674.34(c)

Seeking full-time employment deferment 34 CFR 674.34(d)

Economic hardship deferment 34 CFR 674.34(e)

Military Service deferment 34 CFR 674.34(h)

Post active duty deferment 34 CFR 674.34(i)

Deferment exclusive to Perkins Loans made before July 1, 1993 and NDSLs made between October 1, 1980 and July 1, 1993 34 CFR 674.35, 34 CFR 674.36

Hardship Deferment for Loans made before July 1, 1993 34 CFR 674.35(g), 34 CFR 674.36(e)

Deferments exclusive to loans made before October 1, 1980 and Defense loans 34 CFR 674.37

Deferment procedures 34 CFR 674.38(a)

Deferment after Default 34 CFR 674.38(b)

Deferment vs. in-school enrollment status 34 CFR 674.38(c)

Last Modified: 11/25/2024