Yes. Under certain circumstances, you can receive a deferment or forbearance on your loan. During a deferment, you are allowed to temporarily postpone payments on your loan, and no interest accrues. You may receive a deferment under certain conditions, such as unemployment. Deferments are not automatic. You must apply for one through the Bursar's Office (Perkins Loans division) by using a deferment request form available at the Perkins Loans division. If you are temporarily unable to meet your repayment schedule but are not eligible for a deferment, you can receive forbearance for a limited and specific period. During forbearance, your payments are postponed or reduced. Interest continues to accrue; you are responsible for it. Forbearance isn't automatic either. You may be granted forbearance in up to 12-month intervals for up to three years. You must apply in writing for forbearance through the Bursar's Office (Perkins Loans division) or the agency Hostos Community College employs to service your loan. You'll have to provide documentation to support your request for forbearance. You must continue making schedule payments until you are notified that deferment or forbearance has been granted.