Perkins Loan Services
New Military Deferments as of July 1, 2006
If you were awarded a Federal Perkins Loan, this is to notify you that recent federal legislation has added new military deferments for borrowers. The Master Promissory notes signed after June 30, 2006 contain detailed information about these deferments. If you signed a promissory note prior to then, the information is summarized below.
Effective July 1, 2006, a new military deferment was created, effective for Perkins loans for which the first disbursement was made on or after July 1, 2001. As of July 1, 2006, a qualified borrower may receive a deferment for a period in which he or she met the qualifications after July 1, 2001. The deferment shall not exceed a total of three years, and applies only to periods during which borrowers are serving on active duty during a war or other military operation, or national emergency, or performing qualifying National Guard duty during a war or other military operation or national emergency.