Student Loan Deferment Instructions

Student Loan Deferment Instructions

Students attending at least halftime at Hult International Business School’s Boston, London and Dubai locations may defer existing federal student loans. Deferment approval is required from each servicer. Students will need to apply for a deferment for each loan.

The process for obtaining and verifying deferments is as follows:

  1. Go to your loan servicer website to apply for the deferment(s). If you are unsure which company services your federal student loan(s), you may obtain that information from http://www.nslds.ed.gov. See NSLDS Access Instructions.
  2. Submit the servicer’s deferment form to (fill in the contact information for the person responsible for this function – it is often the registrar) for enrollment verification and signature. The form will be completed and emailed back to you. Maintain a copy of the completed form in your personal records. Be sure to submit a form for each servicer that services any of your federal loans.
  3. Return the completed form to the servicer using the instructions provided by each loan servicer.
  4. About three weeks after the paperwork has been submitted to your servicer, go to http://www.nslds.ed.gov to confirm the deferment has been processed. For any loans that do not show as currently deferred, you will need to follow up directly with your loan servicer.
  5. Check on the status of your loans each term to ensure they are still in deferment. Students are responsible for confirming the status of student loan deferment request(s).

NSLDS Access Instructions: NSLDS is a central site from which you can view the status of ALL of your Federal Student Loans. Note: if you have multiple loans, they may be serviced by multiple servicers. Be sure to check each loan to determine which company services each loan.

  1. Go to http://www.nslds.ed.gov.
  2. Click on “Financial Aid Review.” It is recommended that you access the page from a browser that supports 128-bit encryption (e.g., Internet Explorer 9) for the security of the personal information you will enter in the next step.
  3. The site will ask you to enter the following: your Social Security Number (SSN), first two letters of your last name, date of birth, and PIN (the same one you used to e-sign the FAFSA).
  4. Check the box(es) for each student loan listed to identify the loan servicer and to check on the status of the loan.