What are the different types of Student Loan Deferment?
The problem arises when you fall behind your loan payment. As such you have the option of Student Loan Deferment. In such cases you loan repayment is delayed on the grounds of five different student loan deferment categories which are Education, Economic, Disability, Family Related and Public Service. These may apply to students who have taken Federal Stafford Loans, PLUS and Consolidated Student. Looking into the first student loan deferment category, Education deferment is concerned with the student’s enrolment status. This type of loan becomes due only after the student has graduated. You are eligible for this kind of loan if you have an active Federal Stafford Loan, Supplement Loan, PLUS or consolidated Loan. Besides the college authorities have to certify you as a full time or a part time student. As far as Economic Deferment is concerned, it is sub-divided into two categories- economic hardship and the unemployment hardship. For this you have to prove that you are facing financia
