School deferment FAQs
Why did I receive a School Deferment approval letter when I did not request the deferment?
Your school reported to VSAC that you are enrolled at least half-time. Based on that information VSAC automatically posted the School Deferment.
How many credits is considered half-time enrollment?
Each school makes their own determination. Please contact your school for more information.
Schools report enrollment information periodically and should continue to report updated enrollment throughout your enrollment period. VSAC will send you a letter when we update your School Deferment based on the school’s reporting.
Will my school report to VSAC when I am no longer enrolled at least half time?
Yes, however there may be a delay, so it is important to contact VSAC once you are enrolled less than half time or leave school.
I am enrolled at least half time but still receiving bills, why?
VSAC has not yet received information to show you are enrolled at least half time. Schools report enrollment information automatically about 45 days into the semester.
Do I have to make payments while I wait for my school to report my enrollment to VSAC?
You can either make payments or contact VSAC to make other arrangements.
All types of Deferments FAQs
Is a deferment the same as a forbearance?
Deferments are for federal education loans only and may have benefits that a forbearance does not. To qualify for a deferment, and some types of forbearances, you must meet specific criteria.
I have been approved for a deferment but I don’t want it. Can I cancel it?
Yes, you can cancel the deferment any time by contacting VSAC.
Am I responsible for interest on the subsidized portions of my loans while in a deferment?
No, the government pays the interest on subsidized loans while in a deferment.
Am I responsible for interest on the unsubsidized portions of my loans while in a deferment?
Yes, interest continues to accrue during a deferment and any outstanding interest at the end will be added to your principal balance.
Can I make payments while in a deferment?
Yes, you can pay any amount at any time. VSAC will not bill you for payments while you are in a deferment.
What is the best way to monitor my account or make payments while in deferment?
You can register for myVSAC and view account information as well as make online payments.
I can’t keep up with my payments, how do I get a deferment?
The best way to determine if you are eligible for a deferment is to contact VSAC. We can help you determine what option is appropriate for your situation.
How is a deferment reflected on my credit report?
Your credit report will show you are not due for payments after your deferment is approved by VSAC.
How many times can I use deferments?
Some deferments have a limited number of years of eligibility and others do not. For more information please contact VSAC.
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