**Standard Repayment Plan - Using standard repayment, students pay a fixed amount each month until the loans are paid in full. Monthly payments will be at least $50. Loans must be repaid in 10 years (or less depending on the total amount owed.)

LOAN DEFERMENTS
A deferment temporarily postpones payment on your loans. You may be eligible for deferment for a variety of reasons. You may be eligible for deferment if you are:

• Pursuing at least half-time study at an eligible school (Note; If a student is taking classes at more than one IECC college the student will need to be at least halftime at one of those colleges in order to qualify for a deferment.)
• In a graduate fellowship program approved by the U.S. Department of Education
• In a rehabilitation training program for individuals with disabilities that has been approved by the U.S. Department of Education
• Conscientiously seeking but unable to find full-time employment (for up to 3 years)
• Experiencing economic hardship (for up to 3 years)
• Serving in the Peace Corps, or in the Commissioned Corps of the Public Health Service (for up to 3 years)
• Effective October 1, 2007, eligible borrowers serving in the U.S. Armed Forces may now receive a deferment on all outstanding Title IV loans in repayment on October 1, 2007, for all periods of active duty service that include that date or begin on or after that date.  The military service deferment is available only to borrowers who are called to active duty during a war or other military operation or national emergency.
• Effective October 1, 2007, members of the National Guard or Armed Forces Reserve, and members of the Armed Forces who are in a retired status, and who are called or ordered to active duty service may receive a deferment on repayment of their Title IV loans for up to 13-months following their completion of active duty military service if they were enrolled in a postsecondary institution at the time of, or within six months prior to, their activation.  The deferment period for these borrowers expires at the earlier of a borrower’s re-enrollment in school or the end of the 13-month period.
• Serving as a full-time paid volunteer for ACTION programs or an approved tax-exempt organization (for up to 3 years)
• "Temporarily totally disabled" according to the certification of a qualified physician or unable to work because you must care for a spouse who is disabled (for up to 3 years)
• Engaged in an internship or residency program (for up to 2 years)
• Serving in the National Oceanic and Atmospheric Administration Corps (for up to 3 years)
• Teaching full-time in an area determined by the Department of Education to be a teacher shortage area (for up to 3 years)
• A mother of a preschool-age child, who has entered or re-entered the work force within the preceding year in a full-time position at a salary not more than $1 above the minimum wage (for up to 1 year)
• On parental leave for a period in which you are pregnant, caring for your newborn or newly adopted child (for up to 6 months)