Financial Aid

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Financial Aid 101



Federal Work-Study

Federal Perkins Loan

Is it possible to postpone repayment of my loan?

Yes. If, for some extraordinary reason such as illness or unemployment, you cannot meet the terms of your repayment agreement, you should contact the College's Federal Perkins Loan Coordinator to make other arrangements.

Under some circumstances, you may be granted forbearance and be allowed to make payments of a lesser amount or you may qualify for a deferment. You must apply for each in writing and must continue to make your regular payments until your request is granted.

Check the Student Loan Deferment and Cancellation Summaries page for the available Perkins Loan deferment conditions, or speak with the College's Federal Perkins Loan Coordinator. To qualify for either forbearance or a deferment, your loan must not be in default.

Is it ever possible to forgive repayment of this loan?

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Borough of Manhattan Community College
The City University of New York
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