A deferment is an extension granted by the University which allows a student receiving scholarships, grants or student loans to delay payment of tuition and fees. Fall semester deferments expire on October 1, Spring semester deferments expire on March 1, and Summer semester deferments expire on August 1.
Some types of aid cannot be deferred, including but not limited to Federal Work Study (which must be earned by employment and for which payment is made directly to the student), Federal PLUS loans, room scholarships, book scholarships, board scholarships, and payments by third parties (contractual arrangements, private scholarships, etc.). NOTE: Federal Direct student loan deferments are calculated at the net value of the loan (less the federally-set loan origination fee).
If the amount of the financial aid deferment is less than the student's tuition and other charges for the semester, the student is responsible for paying the excess charges (total bill minus anticipated deferment) by the stated tuition deadline for that semester.
Students are responsible for paying any outstanding balance not covered by the amount of aid deferred. Late charges and other actions may be levied in the event of failure to meet financial obligations. For additional information about payments and billing, contact the Office of Finance.
Students who have officially accepted an offer of financial aid by submitting a signed award acceptance letter and demonstrating intent to comply with any and all verification requirements and loan eligibility requirements at least one week prior to the first day of classes for the semester will be granted a deferment automatically.
Regulations governing the administration of student financial aid are subject to unanticipated change. Information provided herein is as accurate as possible on the date of printing. For information about financial aid, contact Student Financial Aid.