Your Guide to Student Loan Deferment and Forbearance

Congratulations, you just graduated from college! If money is tight after the best years of your life and that dream job seems to be a little too elusive, you may have to think about student loan deferment and forbearance.
Warning: you should only use deferment and forbearance as a last resort. With that in mind, here is your guide to student loan deferment and forbearance.

If you’ve exhausted your options and can’t get relief, you may be able to suspend your payments temporarily. A deferment is when the lender/servicer grants a temporary suspension of a borrower’s monthly payments. To defer your loan repayment, you must meet certain specific conditions. Read more…