Loan Deferments
Please use the chart below to determine if you might be eligible for a deferment on your loan. Please note that USC Institutional loans are not included in this chart --- these loans generally do not allow for deferment after you leave USC.
In all cases, you should refer to your promissory note for specific terms.
Deferments are not granted automatically. If you believe you are eligible for a deferment, you must file the appropriate application with Student Financial Services.
If you wish to apply for a deferment on your Stafford loan, you must file an application with your lender.
Forms: (These forms require the use of Adobe Acrobat Reader)
- Forbearance / Economic Hardship / and Unemployment Deferment Request Form: Fillable / Blank
- FEDERAL PERKINS, NDSL, NSL, HPSL, PCL & LDS Request for Deferment: Blank
- For Military Deferments: If you are serving in the military, please call (213) 740-4077 for more information regarding this deferment provision. Form: Blank
|
DEFERMENT PROVISIONS |
Limit |
Stafford
(USC does not administer) |
Perkins
|
UDSL |
HPSL |
LDS |
|
CONTINUOUS ENROLLMENT
(You continue at least half-time enrollment before your grace period expires) |
No Limit |
YES |
YES |
YES |
YES(1) |
YES(1) |
|
IN-SCHOOL
(You continue at least half-time enrollment after your grace period expires) |
No Limit |
YES |
YES |
YES |
NO |
NO |
|
GRADUATE FELLOWSHIP
(You are enrolled in a course of study that is part of a graduate fellowship, or engaged in graduate or post-graduate fellowship-supported study outside the U.S.) |
No Limit |
YES |
YES |
NO |
YES |
YES |
|
REHABILITATION TRAINING
(You are enrolled in a course of study that is part of a rehabilitation training program for disabled individuals. |
No Limit |
YES |
YES |
NO |
NO |
NO |
|
UNEMPLOYMENT
(You are seeking, but are unable to find full-time employment.) |
3 Years |
YES |
YES |
YES |
NO |
NO |
ECONOMIC HARDSHIP
(You are working, but unable to make payments AND you meet criteria determined by the U.S. Department of Education. |
3 Years |
YES |
YES |
YES |
NO |
NO |
|
CANCELLATION SERVICES
(You are performing services which qualify for loan cancellation.) |
No Limit |
NO |
YES |
NO |
NO |
NO |
|
FORBEARANCE
(You are experiencing Financial Hardship and are unable to make full payments. You are responsible for interest accrual.) |
3 Years |
YES |
YES |
YES |
YES |
YES |
|
ADVANCED PROFESSIONAL TRAINING
(You are serving in a medical internship or residency program.) |
No Limit |
NO(2) |
NO(2) |
NO |
YES |
YES |
|
ARMED FORCES
(You are serving full-time active duty in the Armed Forces, or as a commisioned officer in Public Health Service.) |
3 Years |
NO |
NO |
NO |
YES |
YES |
|
PEACE CORP/ACTION
(You are serving as a volunteer as described in the Domestic Volunteer Act of 1973.) |
3 Years |
NO |
NO |
NO |
YES |
YES |
|
TEMPORARY TOTAL DISABILITY
(You are temporarily totally disabled and unable to work.) |
3 Years |
NO |
NO |
YES |
NO |
NO |
|
(1) You must enroll full-time in another Health Professions Program.
(2) Residency programs in dentistry and loans made prior to 7/93 are entitled to 24 months under this provision. |
PERKINS Loans | HPSL Loans | Institutional Loans