Whats a deferment?
A. Deferment is an authorized period of time during which you may postpone monthly principal and/or interest payments. The federal government makes interest payments on subsidized Stafford loans during authorized deferment periods. You’re responsible for interest that accrues on PLUS and unsubsidized Stafford loans during any deferment and have the option of making interest payments to avoid capitalization.
Related Questions
- How can I determine if I am entitled to a deferment or cancellation on my Federal Perkins, Health Profession Student Loan or University Long Term Loan and, if so, how may I file for one?
- Are there any companies that offer small business loans with a deferment period?
- Who is eligible for Summer Deferment Pay?
