deferment

Be realistic about what your terms are — and make sure you understand conditions for repayment, deferment and forgiveness.

In 1968, at age 22, he got a medical deferment for having bone spurs in his heels.

The current deadline to get the ID is May 7, 2025, and there are no signs of another deferment.

The Education Department launched the Income Driven Repayment One-Time Adjustment initiative in 2022 to address complaints about loan servicing companies losing track of payments, not giving borrowers proper credit for their work in public-service jobs, and steering struggling borrowers into costly forbearance or deferment programs instead of payment plans based on their income.

And it credits borrowers for months they spent in deferment or in lengthy periods of forbearance.