Forbearance is a temporary postponement of payments. Unlike deferment, interest continues to accrue on the account during a forbearance. Interest may be paid as it accrues, or may be deferred.

Borrowers must request forbearance, stating the reason for the forbearance and providing support documentation as specified by the university. Forbearances may be granted for up to one year at a time, not to exceed three years total forbearance.

Forbearance can be granted to borrowers experiencing:

  • Financial hardship
  • Poor health, as certified by a physician
  • Other acceptable reasons, as determined by the university.

ECSI Website


Economic hardship deferments can be granted for periods of up to one year at a time, not to exceed three years total deferment. The borrower must provide satisfactory documentation, as specified by the university, showing that they are within any of the following categories:

  • Has been granted an economic hardship deferment for either a Stafford or PLUS loan for the same period of time the deferment is requested.
  • Is receiving federal or state public assistance, (ex: Food Stamps, Supplemental Security Income, etc.).
  • Is working full time (over 30 hours/week) and has monthly federal education payments that exceed 20% or more of the borrowers total monthly gross income.
  • Is working full time (over 30 hours/week) and is under the poverty line.
  • Is serving as a volunteer in the Peace Corps.

ECSI Website


Borrowers may defer repayment of a Perkins loan for up to three years, if seeking and unable to find full-time employment. Documentation, as specified by the university, is required.

ECSI Website