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What is a deferment/forbearance?

April 26, 2017athletics college counseling deferment financial aid forbearance MESA San Diego

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What is a deferment/forbearance?

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Deferment/forbearance is a temporary break from your regular student loan payments. You can request a deferment or forbearance from your lender for reasons of economic hardship, unemployment, temporary disability, and returning to school half-time or more. In the case of a subsidized student loan, a deferment does not accrue interest, whereas you are responsible for paying the interest during periods of forbearance . If you have unsubsidized federal loans from previous institutions, they will always accrue interest. Mesa College does not process unsubsidized federal loans.