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Repaying Your Student Loan

 

Deferment and Forbearance


Repayment help when you need it

Have repayment problems? First, consider a different repayment plan. Many times, you can solve a repayment issue with a plan based on total student loan debt and income. If you've tried a different plan and still have repayment difficulties, consider a temporary postponement of repayment such as a deferment or forbearance. The short presentation below explains the difference between deferment and forbearance and how to take advantage of these valuable loan benefits. In the presentation, you'll learn:

  • What deferment and forbearance are and how they compare;
  • The relative advantages and disadvantages of using either option; and
  • How to request a deferment or forbearance.

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