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Student
Loan Billing and Payment Office
Federal Nursing
Student Loans
Annual Percentage Rate: 5%
Initial Grace Period: 9
months
Post Deferment Grace Period: none
Repayment Period: 120 months
Deferment types (please refer to your promissory
note for detailed information):
a) Active duty in the uniformed services (maximum deferment
is 3 years)
b) Peace Corp Volunteer (maximum deferment is 3 years)
c) Full-time or half-time enrollment in a course of study
at a collegiate school of nursing leading to a baccalaureate
degree or graduate degree in nursing, or pursuing advanced
professional training in nursing or training to be a nurse
anesthetist (maximum deferment is 10 years)
If you do not qualify for a deferment, you can apply
for forbearance.
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