Comment on Student Loan Deferment vs. Forbearance: What’s the Difference?

Student Loan Deferment vs. Forbearance: What’s the Difference?

Student loans are a rather unique type of debt obligation, especially in terms of repayment flexibility. In addition to a handful of repayment plans you can choose from, you generally have the ability to postpone your student loan payments if you're facing tough financial times, or are otherwise unable to make your monthly payments.The two ways federal student loan borrowers can do this are deferments and forbearances.

 

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