Tagged with forbearance in our Blog
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!