Typically you cannot defer your student loan payments for a year after graduation. You have six (6) months from the date of graduation in which your student loans remain in the deferral period. After the six month, you'll have to start making payments to your student loans.\n\nFor example. if you graduate on May 20th, you will not be required to make a payment (your loan is in deferral) until December 20th.\n\nYou can request\u00a0a Deferment or Forbearance that allows you to temporarily postpone your federal student loan payments. Postponing your payments may help you avoid default. Deferment or Forbearance is given if you are unemployed or can prove financial hardships. A loan servicer will decide if deferment or forbearance is right for your situation.\n\nFor private student loans, speak with your lender about deferment options that can extend the period for up to a year.\n\nKeep in mind that deferring your loans may continue to accrue interest.