Student Loan Deferment Vs. Forbearance: What’s The Difference?

newsfeedback@fool.com (Matthew Frankel), The Motley Fool
Mon, 03/19/2018 - 4:33am

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.

Topics: source images deferment forbearance difference student loan payments terms repayment

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Student Loan Deferment Vs. Forbearance: What’s The Difference?

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