New PLUS and GradPLUS Loan Deferment Options Available!

Recent legislative action makes important changes to PLUS Loans, effective for loans first disbursed on or after July 1, 2008.  Parent borrowers may request deferment during any period when they themselves are enrolled at least half time or when the student on whose behalf the loan was borrowed is enrolled at least half time and during the six-month period that begins the day after the date the student ceases at least half-time enrollment.  PLUS Loans made to graduate and professional student borrowers may be deferred during the six-month period that begins the day after the end date of a deferment during which the borrower was enrolled at least half time.  Interest will continue to accrue on the loan during these periods. Parent borrowers are responsible for requesting each of these deferment options.

To request this deferment, please contact us.