This calculator helps borrowers determine whether they are likely to qualify for an economic hardship deferment. It implements the federal regulations at 34 CFR 682.210(s)(6) and 34 CFR 674.34(e).

The College Cost Reduction and Access Act of 2007 changed the definition of economic hardship, effective October 1, 2007. This calculator implements the old definition. A different calculator implements the new definition of economic hardship.

This calculator is of particular interest to medical school students, who often need an economic hardship deferment during their internship and residency.