Finance:Student loan deferment
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Student loan deferment is an agreement between the student and lender that the student may reduce or postpone repayment of a student loan for a designated period.[1] Deferment or forbearance[2] will prevent the loan from going into default, but may increase the overall cost of the loan.[3] Students may be eligible for deferment while experiencing financial hardship or unemployment.[4] The lender may require valid proof of financial hardship and other financial information when the student applies.[5]
See also
References
- ↑ "Deferring payments for school or internship". https://www.salliemae.com/student-loans/manage-your-private-student-loan/get-help-with-special-circumstance/deferring-payments-for-school-internships/. Retrieved 28 November 2017.
- ↑ "Payment difficulties". https://www.salliemae.com/student-loans/manage-your-private-student-loan/get-help-with-special-circumstance/payment-difficulties/. Retrieved 28 November 2017.
- ↑ Lanza, Allesandra (9 July 2014). "4 Questions to Ask Before Requesting a Student Loan Forbearance". U.S. News & World Report. https://www.usnews.com/education/blogs/student-loan-ranger/2014/07/09/4-questions-to-ask-before-requesting-a-student-loan-forbearance. Retrieved 28 November 2017.
- ↑ "Deferment and Forbearance". U.S. Department of Education. https://studentaid.ed.gov/sa/repay-loans/deferment-forbearance. Retrieved 28 November 2017.
- ↑ Gobel, Reyna. "Student Loans: Repayment During Financial Hardship". https://www.investopedia.com/university/student-loans/student-loans5.asp. Retrieved 28 November 2017.
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