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Frequently Asked Questions

Internship/Residency Options

Option 1: Internship/Residency Deferment

What is it?
A means of postponing payments on your student loans for up to 24 months (2 years). 

When do I qualify?
You may qualify if you are in an internship or residency program that: 

bullet Is required for licensing in your profession; or
bullet Leads to a degree or certificate from a qualified institution

How do I apply?
Click here to view and print a internship/residency deferment request form.  Please read the form carefully to make sure you qualify, and follow the instructions on the form. Mail your completed form to us at

Student Loan Counseling Service, Inc.
P.O. Box 1078
Waterloo, IA  50704-1078

To learn more about the Internship/Residency deferment, click here.

If you do not qualify for an Internship/Residency deferment, please view any other options on this Results Page, or click on the Return to Questionnaire button at the bottom of this page to make another selection.

Option 2:    Mandatory Forbearance for Internship/Residency

What is it?
A means of postponing payments on your student loans for up to 24 months (2 years).

When do I qualify?
You may qualify if you are a medical or dental intern or resident and either do not qualify for a deferment or have used all your deferment eligibility.

When is the Mandatory Forbearance a good idea?
When your internship or residency program makes it difficult for you to make payments on your loans.

When is the Mandatory Forbearance not a good idea?
When, despite your program, you are able to afford your student loan payments.  During all periods of forbearance, interest continues to accrue on your loans.  If you are unable to pay this interest as it accrues, it will be capitalized, that is, added to the principal of your loans.

To learn more about Mandatory Forbearances, click here.




Student Loan Counseling Service, Inc
(888) 633-4850


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