Loan Deferments and Cancellations

You may be eligible to defer payments or cancel your student loan under certain circumstances. Eligibility for deferment or cancellation varies by loan type.

To be considered for a deferment or cancellation, download and complete a request form from our service provider, Heartland ECSI. Please email uscsfs@usc.edu or fax your completed form to Student Financial Services at (213) 740-4034.

Some conditions that may qualify for deferment or cancellation are listed below. Your promissory note explains your specific options. If you need a copy of your promissory note, email uscsfs@usc.edu.

Federal Perkins Student Loan

Deferment conditions:

  • student (at least half-time)
  • graduate fellowship
  • unemployment
  • economic hardship
  • military service
  • rehabilitation training
  • financial hardship forbearance

Cancellation types:

  • teacher (low-income, special education, shortage subjects)
  • nurse/medical technician
  • firefighter
  • early intervention
  • child or family services
  • law enforcement
  • public defender
  • military service
  • early childhood education and Head Start
  • volunteer service
  • faculty member at a tribal college or university
  • speech pathologist
  • librarian

Health Profession Student Loan

Deferment conditions:

  • student (full-time)
  • leave of absence to pursue related educational activity
  • graduate fellowship
  • residency
  • military service
  • Peace Corps volunteer
  • financial hardship forbearance

Academic Loans

Deferment conditions:

  • student (half-time)
  • unemployment
  • economic hardship
  • financial hardship forbearance

Federal Direct Stafford Loans

You must file an application for deferment with your lender.