HPSL - Cancellation & Deferment
Location: 1st Floor Howes Street Business Center
Mailing Address: 6024 Campus Delivery, Fort Collins,CO 80523-6024 Physical Address: 555 S Howes St, 1st Floor
Cancellation and Deferment of Health Professions Student Loan
Deferment is a period when interest does not accumulate and payments on the principal balance need not be paid. Borrowers who qualify for deferment must submit a
completed deferment form. After each deferment, the borrower is entitled to a post-deferment grace period of six months.
Eligibility: An assessment is completed on each student loan to determine eligibility. The Student Loans Office must receive completed deferment
forms and copies of supporting documentation before your account will be reviewed. If you are granted a deferment all late charges must be paid before your account
can go into deferment status.
In School/ Attending another University
Student Deferment
A borrower may defer scheduled payments while enrolled at least half-time as a regular student in an eligible institution of higher education
(or comparable Department of Education-approved institution outside of the United States) for the purpose of obtaining a degree or certificate.
You must notify and request a "Student Deferment" for each term you are enrolled at another university. You can call us (970) 491-6467, ask us
for a "Student Deferment", and we will be able (in most cases) to verify your enrollment at another institution by checking an on-line website or
you may submit a school deferment form each term that you are attending another Institution.
Application forms and other paperwork due dates are as important as payment due dates. If your paperwork is not received by the due date, you are
responsible for payment and late fees as applicable.
You must continue to make scheduled loan payments until you receive confirmation of your deferment or forbearance status.
Download School Deferment form.
Forbearance
Forbearance is a temporary cessation of your student loan payments. Under the terms and conditions of forbearance, principal is deferred for six months in order
to relieve your financial situation. At the end of the forbearance period, your regular monthly payments will resume. Interest does accrue on your principal balance
while your account is in forbearance. Your accrued interest will be due at the end of your six month forbearance term unless you indicate in writing that you would
like to pay your accrued interest monthly.
All late fee charges must be paid before you can qualify. Please call 970.491.6467 for your account balance.
Download Forbearance Application
Graduate Fellowship
A borrower may defer repayment if he/she is enrolled and in attendance as a regular student in a course of study that is part of a graduate fellowship program approved by the
Department, including graduate or postgraduate fellowship supported study (such as Fullbright grant) outside the U.S. In order to be eligible you must provide certification
that you are engaged in a full-time course of study and in an approved graduate fellowship program.
Download Graduate Fellowship Deferment form