Volunteer
in the Peace Corps, ACTION Program, or Tax-Exempt Organization
The
Stafford/Direct Loan that you are seeking to have deferred must have
been disbursed prior to July 1, 1993; PLUS Loan borrowers must have
been disbursed before August 15, 1983.
Additional
eligibility requirements are that you must have agreed to serve as a
volunteer on a full-time basis for at least one year. For the
Tax-Exempt Organization deferment, the organization must be exempt from
taxation under Section 501(c)(3)of the Internal Revenue Code of 1986
and provide service to low-income persons and their communities to
assist them in eliminating poverty and poverty-related human, social,
and environmental conditions.
If you meet
these requirements, you may be eligible for a Public Service deferment.
You will need to complete a deferment form and send completed forms to
the lender or servicer of your loan(s).
If you do not
meet these requirements, seek information on forbearances.