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The Complete And Easy Guide To Student Loan Deferments
Student loan deferment allows you to temporarily pause your federal student loan payments without going into default. During this time, certain loans (such as Direct Subsidized Loans and Perkins Loans) do not accrue interest.
Borrowers have traditionally used deferment when they’re unemployed, facing financial hardship, serving in the military, or enrolled at least half-time in school.
Deferment is different from forbearance. While both pause payments, forbearance always allows interest to build, while subsidized loans in deferment do not.
The skinny
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