When you’re returning to school

There are different requirements for requesting a deferment depending on whether you’re in your separation or grace period or making principal and interest payments. You may be eligible to reduce or postpone your student loan payments in increments of 12 months.

When you return to school, your student loan will return to the repayment option you initially chose (i.e., interest, fixed, or deferred). That means if you were making either interest-only or fixed payments when you originally took out your loan, you’ll continue to make those throughout your deferment period.

Most schools send enrollment verification for in-school deferment electronically. You can find out if your school does at www.studentclearinghouse.org. If it doesn’t, you need to request the deferment yourself by submitting the In-School Deferment Form.

In-School Deferment Form

When you’re entering an eligible internship or residency program

You can request deferment if you’re accepted into an approved internship, residency, or fellowship program that:

During the deferment period, your loan will return to the repayment option you initially chose (i.e., interest, fixed, or deferred). That means that if you were paying either interest-only or a fixed payment when you initially took out your loan, you’ll continue to make those through your deferment period.

To request deferment, send us an Internship, Residency, and Fellowship Deferment Form completed by you and an official from your residency/internship program.

Internship, Residency, and Fellowship Deferment Form

If you have another type of Sallie Mae loan, refer to your promissory note or call us to see if these deferments are available.

If at any time during the repayment period you enter an approved residency or internship program, you may contact us to request the Residency/Internship Deferment. To apply for the Residency/Internship Deferment, you must submit a form completed by you and an official from the residency or internship program to us for consideration. If you receive the Deferment, the Current Amount Due you will be required to pay each month during the deferment period will reflect the same repayment option that applied to your loan during the in-school period. Deferment periods are issued in up to 12-month increments. You can receive a maximum of four/five 12-month deferment periods (48/60-month maximum). Interest is charged during the deferment period and Unpaid Interest may be added to the Current Principal at the end of each deferment period, which will increase the Total Loan Cost.