In-School Deferment Request - SCH

IN-SCHOOL DEFERMENT REQUEST
William D. Ford Federal Direct Loan (Direct Loan) Program / Federal Family
Education Loan (FFEL) Program / Federal Perkins Loan (Perkins Loan) Program
SCH

OMB No. 1845-0011
DRAFT FORM
Exp. Date x/xx/xxxx

WARNING: Any person who knowingly makes a false statement or misrepresentation on this form or on
any accompanying document is subject to penalties that may include fines, imprisonment, or both, under
the U.S. Criminal Code and 20 U.S.C. 1097.

SECTION 1: BORROWER INFORMATION
Please enter or correct the following information.
Check this box if any of your information has changed.
SSN
Name
Address
City

State

Zip Code

Telephone - Primary
Telephone - Alternate
Email (Optional)
SECTION 2: BORROWER DETERMINATION OF DEFERMENT ELIGIBILITY
Carefully read the entire form before completing it.
You are eligible for this deferment only if you are enrolled at least half time at an eligible school (see Section 6).
SECTION 3: BORROWER REQUESTS, UNDERSTANDINGS, CERTIFICATIONS, AND AUTHORIZATION
I request:
• To defer repayment of my loans for the period during which I meet the eligibility criteria outlined in Section 2 and as
certified by the authorized official in Section 4.
•

If checked, to make interest payments on my loans during my deferment.

•

If checked, to defer repayment on my PLUS Loan first disbursed on or after July 1, 2008 for the 6-month period
after I graduate, withdraw, or am no longer enrolled on at least a half-time basis.

I understand that:
• I am not required to make payments of loan principal or interest during my deferment.
• My deferment will begin, as certified by the authorized official, on the date I became eligible for the deferment.
• My deferment will end, as certified by the authorized official, on the date I no longer qualify for the deferment.
• If I am a Perkins Loan borrower, I will receive a 6-month post-deferment grace period beginning on the date I no
longer qualify for the deferment.
• If I am a graduate or professional student borrower of a Direct or Federal PLUS Loan first disbursed on or after July 1,
2008, I will also receive a deferment on this loan during the 6-month period after I am no longer enrolled at least a
half time.
• If I am a parent borrower of a Direct or Federal PLUS Loan first disbursed on or after July 1, 2008, and I request it
above, I will receive another deferment on this loan during the 6-month period after I am no longer enrolled at least
half time.
• My loan holder may grant me a forbearance while processing my form or to cover any period of delinquency that
exists when I submit my form.
• Unpaid interest may capitalize on my loans during or at the expiration of my deferment or forbearance, but interest
never capitalizes on Perkins Loans.
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Borrower Name
Borrower SSN
SECTION 3: BORROWER REQUESTS, UNDERSTANDINGS, CERTIFICATIONS, AND AUTHORIZATION (CONTINUED)
I certify that:
• The information I have provided on this form is true and correct.
• I will provide additional documentation to my loan holder, as required, to support my deferment eligibility.
• I will notify my loan holder immediately when my eligibility for the deferment ends.
• I have read, understand, and meet the eligibility requirements in Section 2.
I authorize the entity to which I submit this request and its agents to contact me regarding my request or my loans at any
cellular telephone number that I provide now or in the future using automated telephone dialing equipment or artificial or
prerecorded voice or text messages.
Date

Borrower's Signature
SECTION 4: AUTHORIZED OFFICIAL'S CERTIFICATION

Note: As an alternative to completing this section, you may attach separate documentation from an authorized official that
includes all of the information requested below or have your school report your enrollment to the National Student Loan
Data System (NSLDS) at nsldsfap.ed.gov.
• The student is/was enrolled at the school below:

• The student's enrollment status begins/began on:

Full time
At least half time, but less than full time

• The student's enrollment status ends/ended on:

• Is the student enrolled at the school below as a
regular student?
• The student is expected to complete his/her
program requirements on:

Yes
No

I certify, to the best of my knowledge and belief, that the information that I have provided in this section is accurate.
Name of School
Address

OPEID
City

Official's Name/Title

State

Zip Code

Telephone
Date

Official's Signature
SECTION 5: INSTRUCTIONS FOR COMPLETING THE DEFERMENT REQUEST

Type or print using dark ink. Enter dates as month-day-year (mm-dd-yyyy). Example: March 14, 2019 = 03-14-2019. Include
your name and account number on any documentation that you are required to submit with this form. If you want to apply
for a deferment on loans that are held by different loan holders, you must submit a separate deferment request to each loan
holder. If you have loans made jointly (as co-makers), both borrowers must individually meet the requirements for a
deferment and each of you must submit a separate deferment request. Return the completed form and any required
documentation to the address shown in Section 7.

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SECTION 6: DEFINITIONS
The William D. Ford Federal Direct Loan (Direct Loan)
Program includes Federal Direct Stafford/Ford (Direct
Subsidized) Loans, Federal Direct Unsubsidized Stafford/
Ford (Direct Unsubsidized) Loans, Federal Direct PLUS
(Direct PLUS) Loans, and Federal Direct Consolidation
(Direct Consolidation) Loans.
The Federal Family Education Loan (FFEL) Program
includes Federal Stafford Loans, Federal PLUS Loans, Federal
Consolidation Loans, and Federal Supplemental Loans for
Students (SLS).
The Federal Perkins Loan (Perkins Loan) Program
includes Federal Perkins Loans, National Direct Student
Loans (NDSL), and National Defense Student Loans (Defense
Loans).
An authorized official who may complete Section 4 is
an official of the school where you are/were enrolled.
Capitalization is the addition of unpaid interest to the
principal balance of your loan. Capitalization causes more
interest to accrue over the life of your loan and may cause
your monthly payment amount to increase. Interest never
capitalizes on Perkins Loans. Table 1 (below) provides an
example of the monthly payments and the total amount
repaid for a $30,000 unsubsidized loan. The example loan
has a 6% interest rate and the example deferment or
forbearance lasts for 12 months and begins when the loan
entered repayment. The example compares the effects of
paying the interest as it accrues or allowing it to capitalize.
A co-maker is one of the two individuals whoa re joint
borrowers on a Direct or Federal Consolidation Loan or a
Federal PLUS Loan. Both borrowers are equally responsible
for repaying the full amount of the loan.

A deferment is a period during which you are entitled to
postpone repayment of your loans. Interest is not generally
charged to you during a deferment on your subsidized loans.
Interest is always charged to you during a deferment on your
unsubsidized loans. On loans made under the Perkins Loan
Program, all deferments are followed by a post-deferment
grace period of 6 months, during which time you are not
required to make payments.
An eligible school is a school that has been approved by
the Department to participate in the Department's Federal
Student Aid programs, even if the school does not participate
in those programs.
A forbearance is a period during which you are permitted
to postpone making payments temporarily, allowed an
extension of time for making payments, or temporarily
allowed to make smaller payments than scheduled.
The holder of your Direct Loans is the Department. The
holder of your FFEL Program loans may be a lender, guaranty
agency, secondary market, or the Department. The holder of
your Perkins Loans is an institution of higher education or the
Department. Your loan holder may use a servicer to handle
billing and other communications related to your loans.
References to “your loan holder” on this form mean either
your loan holder or your servicer.
A regular student is a person who is enrolled or accepted
for enrollment at an institution for the purpose of obtaining a
degree, certificate, or other recognized educational credential
offered by the institution.
A subsidized loan is a Direct Subsidized Loan, a Direct
Subsidized Consolidation Loan, a Federal Subsidized Stafford
Loan, portions of some Federal Consolidation Loans, a Federal
Perkins Loan, an NDSL, and a Defense Loan.
An unsubsidized loan is a Direct Unsubsidized Loan, a
Direct Unsubsidized Consolidation Loan, a Direct PLUS Loan, a
Federal Unsubsidized Stafford Loan, a Federal PLUS Loan, a
Federal SLS, and portions of some Federal Consolidation
Loans.

Table 1. Capitalization Chart
Treatment of Interest with
Deferment/Forbearance
Interest is paid
Interest is capitalized at the
end
Interest is capitalized
quarterly and at the end

Loan
Amount

Capitalized
Interest

Outstanding
Principal

Monthly
Payment

Number of
Payments

Total
Repaid

$30,000

$0

$30,000

$333

120

$41,767

$30,000

$1,800

$31,800

$353

120

$42,365

$30,000

$1,841

$31,841

$354

120

$42,420

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SECTION 7: WHERE TO SEND THE COMPLETED DEFERMENT REQUEST
Return the completed form and any documentation to:
(If no address is shown, return to your loan holder.)

If you need help completing this form, call:
(If no phone number is shown, call your loan holder.)

SECTION 8: IMPORTANT NOTICES
Privacy Act Notice. The Privacy Act of 1974 (5 U.S.C.
552a) requires that the following notice be provided to you:
The authorities for collecting the requested information
from and about you are §421 et seq., §451 et seq., or §461
et. seq. of the Higher Education Act of 1965, as amended (20
U.S.C. 1071 et seq., 20 U.S.C. 1087a et seq., or 20 U.S.C.
1087aa et seq.) and the authorities for collecting and using
your Social Security Number (SSN) are §§428B(f) and 484(a)
(4) of the HEA (20 U.S.C. 1078-2(f) and 1091(a)(4)) and 31
U.S.C. 7701(b). Participating in the William D. Ford Federal
Direct Loan (Direct Loan) Program, Federal Family Education
Loan (FFEL) Program, or Federal Perkins Loan (Perkins Loan)
Program and giving us your SSN are voluntary, but you must
provide the requested information, including your SSN, to
participate.
The principal purposes for collecting the information on
this form, including your SSN, are to verify your identity, to
determine your eligibility to receive a loan or a benefit on a
loan (such as a deferment, forbearance, discharge, or
forgiveness) under the Direct Loan, FFEL, or Federal Perkins
Loan Programs, to permit the servicing of your loans, and, if
it becomes necessary, to locate you and to collect and
report on your loans if your loans become delinquent or
default. We also use your SSN as an account identifier and to
permit you to access your account information
electronically.

To assist program administrators with tracking refunds
and cancellations, disclosures may be made to guaranty
agencies, to financial and educational institutions, or to
federal or state agencies. To provide a standardized method
for educational institutions to efficiently submit student
enrollment statuses, disclosures may be made to guaranty
agencies or to financial and educational institutions. To
counsel you in repayment efforts, disclosures may be made
to guaranty agencies, to financial and educational
institutions, or to federal, state, or local agencies.
In the event of litigation, we may send records to the
Department of Justice, a court, adjudicative body, counsel,
party, or witness if the disclosure is relevant and necessary
to the litigation. If this information, either alone or with
other information, indicates a potential violation of law, we
may send it to the appropriate authority for action. We may
send information to members of Congress if you ask them
to help you with federal student aid questions. In
circumstances involving employment complaints,
grievances, or disciplinary actions, we may disclose relevant
records to adjudicate or investigate the issues. If provided
for by a collective bargaining agreement, we may disclose
records to a labor organization recognized under 5 U.S.C.
Chapter 71. Disclosures may be made to our contractors for
the purpose of performing any programmatic function that
requires disclosure of records. Before making any such
disclosure, we will require the contractor to maintain Privacy
Act safeguards. Disclosures may also be made to qualified
researchers under Privacy Act safeguards.
Paperwork Reduction Notice. According to the
Paperwork Reduction Act of 1995, no persons are required
to respond to a collection of information unless such
collection displays a valid OMB control number. The valid
OMB control number for this information collection is
1845-0011. Public reporting burden for this collection of
information is estimated to average 10 minutes per
response, including time for reviewing instructions,
searching existing data sources, gathering and maintaining
the data needed, and completing and reviewing the
collection of information. The obligation to respond to this
collection is required to obtain a benefit in accordance with
34 CFR 674.34, 674.35, 674.36, 674.37, 682.210, or 685.204.

The information in your file may be disclosed, on a caseby-case basis or under a computer matching program, to
third parties as authorized under routine uses in the
appropriate systems of records notices. The routine uses of
this information include, but are not limited to, its disclosure
to federal, state, or local agencies, to private parties such as
relatives, present and former employers, business and
personal associates, to consumer reporting agencies, to
financial and educational institutions, and to guaranty
agencies in order to verify your identity, to determine your
eligibility to receive a loan or a benefit on a loan, to permit
the servicing or collection of your loans, to enforce the
terms of the loans, to investigate possible fraud and to verify
compliance with federal student financial aid program
regulations, or to locate you if you become delinquent in
your loan payments or if you default. To provide default rate
If you have comments or concerns regarding the
calculations, disclosures may be made to guaranty agencies,
status
of your individual submission of this form, please
to financial and educational institutions, or to state
contact
your loan holder directly (see Section 7).
agencies. To provide financial aid history information,
disclosures may be made to educational institutions.
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