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.