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Economic Hardship Deferment Calculator (Old)

This calculator helps borrowers determine whether they are likely to qualify for an economic hardship deferment. It implements the federal regulations at 34 CFR 682.210(s)(6) and 34 CFR 674.34(e).

The College Cost Reduction and Access Act of 2007 changed the definition of economic hardship, effective October 1, 2007. This calculator implements the old definition. A different calculator implements the new definition of economic hardship.

This calculator is of particular interest to medical school students, who often need an economic hardship deferment during their internship and residency.


  1. Are you receiving federal and/or state public assistance? (Public assistance includes Temporary Assistance to Needy Families (TANF), Supplemental Security Income (SSI), food stamps, and state general public assistance.)
    Yes No

  2. Are you working full time? (Full time is defined as working at least 30 hours a week for 3 months.)
    Yes No

  3. What is your gross monthly income?

  4. What is your total educational debt?

    What is the interest rate on this debt?

    What is the loan term in years?

  5. Are you serving as a volunteer in the Peace Corps?
    Yes No

  6. What is your state of residence?

  7. Table year:
 

 
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