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Financial Aid Deferment/Forbearance

Deferment and forbearance are just fancy ways of saying postponing your student loan repayments. Let's take a look at the difference. Deferment is postponing your student loan repayment for a specific period of time for a specific reason. You have to apply for deferment through your lender; it is not automatic. You apply for a deferment by contacting your lender and filling out a form. Not everyone will qualify for a deferment. You will need to illustrate your need in order to receive a deferment. Remember to continue making payments on your loans until you are 100% sure you have… Read more here!

Categories: Financial Aid | Student Loans
Tags: deferment forbearance loan repayment

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