Student loan deferment

Student loan deferment is an agreement between the student and lender that the student may reduce or postpone repayment of a student loan for a designated period.[1] Deferment or forbearance[2] will prevent the loan from going into default, but may increase the overall cost of the loan.[3] Students may be eligible for deferment while experiencing financial hardship or unemployment.[4]

See also

References

  1. ↑ "Deferring payments for school or internship". SallieMae. Retrieved 28 November 2017.
  2. ↑ "Payment difficulties". SallieMae. Retrieved 28 November 2017.
  3. ↑ Lanza, Allesandra (9 July 2014). "4 Questions to Ask Before Requesting a Student Loan Forbearance". U.S. News & World Report. Retrieved 28 November 2017.
  4. ↑ "Deferment and Forbearance". Federal Student Aid. U.S. Department of Education. Retrieved 28 November 2017.
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