What is deferment?

Deferment is a postponement of repayment under various, specific circumstances

• For Federal Perkins Loans and Nursing, you don't have to pay principal or interest during deferment.
• For Institutional Loans, you may qualify for certain deferments. Please contact University Accounting Service at (800) 999-6227 or on the web at www.uaservice.com for details.

Loan Deferment Summary

Deferment Condition	Institutional Loans	Nursing	Perkins Loans
At least half time study at a postsecondary school	YES	YES	YES
Study in an approved graduate fellowship program or in an approved rehabilitation training program for the disabled	YES	YES	YES
Unable to find full-time employment	Individual cases	Up to 3 years	Up to 3 years
Economic hardship	Individual cases	Up to 3 years	Up to 3 years
Rehabilitation	Individual cases	NO	YES

You must continue to make payments on the loan until you've been notified the deferment has been approved. Do not stop making payments until you have been notified by your loan holder that the deferment has been approved.

For information regarding deferments, please contact University Accounting Service at (800) 999-6227 or on the web at www.uaservice.com.

What is forbearance?

If you find you can't meet your repayment schedule but you're not eligible for a deferment, you might be granted forbearance for a limited and specified period. During forbearance, your payments are temporarily postponed or reduced. Unlike deferment, whether your loans are subsidized or unsubsidized, you'll be charged interest during forbearance. If you don't pay the interest as it accrues, it will be capitalized.

You must formally request forbearance from your loan holder. You might have to provide documentation to support your request. You might be granted forbearance if you are:

• unable to pay due to poor health or other unforeseen personal problems.
• serving in a medical or dental internship or residency.
• obligated to make payments on certain federal student loans that are equal to or greater than 20 percent of your monthly gross income.

Loan holders are not required to grant forbearance except in certain circumstances. Check with your lender for details. Generally, lenders are willing to work with you.

For information regarding forbearance, contact University Accounting Service at (800) 999-6227 or on the web at www.uaservice.com.

Perkins Discharge/Cancellation Summary

Upon making a properly documented written request to The Catholic University of America and/or servicer , you may be entitled to have up to 100% of the original principal loan amount of the Federal Perkins Loan cancelled. Qualifying Service must be performed after receiving a Federal Perkins Loan. Borrowers may qualify for loan cancellation in the following circumstances:

Cancellation Conditions	Amount Forgiven	Notes
Borrower's total and permanent disability or death	100%	Service qualifies for deferment also.
Full-time teacher in a designated elementary or secondary school serving students from low-income families	Up to 100%	Service qualifies for deferment also.
Full-time special education teacher (includes teaching children with disabilities in a public or other nonprofit elementary or secondary school)	Up to 100%	Service qualifies for deferment also.
Full-time qualified professional provider of early intervention services for the disabled	Up to 100%	Service qualifies for deferment also.
Full-time teacher of math, science, foreign languages, bilingual education, or other fields designated as teacher shortage areas	Up to 100%	Service qualifies for deferment also.
Full-time employee of a public or nonprofit child- or family-services agency providing services to high-risk children and their families from low-income communities	Up to 100%	Service qualifies for deferment also.
Full-time nurse or medical technician	Up to 100%	Service qualifies for deferment also.
Full-time law enforcement or corrections officer	Up to 100%	Service qualifies for deferment also.
Full-time staff member in the education component of a Head Start Program	Up to 100%	Service qualifies for deferment also.
Vista or Peace Corps volunteer	Up to 70%	Service qualifies for deferment also.
Service in the U.S. Armed Forces	Up to 50% in areas of hostilities or imminent danger	Service qualifies for deferment also.
Bankruptcy (in rare cases)	Up to 100%	Cancellation is possible only if the bankruptcy court rules that repayment would cause undue hardship.
Closed school (before student could complete program of study)	100%	For loans received on or after January 1, 1986.

For information regarding loan cancellations, please contact University Accounting Service at (800) 999-6227 or on the web at www.uaservice.com.