The VA published its new policy regarding Student loans in repayment or, to begin repayment within 12 months of a VA loan closing via Circular #26-17-02 on Monday, January 23, 2017. Deferred Student Loans: If the Veteran or the other co-borrowing spouse provides written evidence that the student loan debt will be deferred at least 12 months beyond the date of closing, a monthly payment does not need to be considered in the debt-to-income ratio. Student loans in repayment or