Deferrals for financial hardship can be approved when you can demonstrate that you have been unable to find a job (though you have got to prove that you are trying) straight after college, or later on after getting started repayments if you lose your task. These deferments can be approved for about three years. If your loan is subsidized, you won't accrue interest during these deferment periods. If you do not have a subsidized loan, you will either ought to pay the interest within your deferment or it will be capitalized, which means it's going to added on to the back of the loan. My websites: money mutual