Student Loan Deferments are a Recipe for Disaster
Deferments and forbearances are risky and most borrowers can usually find better options available. However, not all are created equal, and some present borrowers with unique opportunities.
Latest Posts in deferment
Does Deferment or Forbearance Time Count for Student Loan Forgiveness?
Time in deferment or forbearance usually doesn’t count toward PSLF or IDR forgiveness, though narrow processing exceptions and upcoming retroactive options may apply.
Interest Charges on Deferments and Forbearances
Interest usually accrues during a forbearance or deferment. However, there are a couple of noteworthy exceptions to the rule.
Repayment Gaps and Student Loan Forgiveness
A gap in repayment may delay student loan forgiveness, but borrowers usually don’t have to start over.
Out of Deferments and Forbearances? What to do next…
If a deferment or forbearance isn’t available on your student loans it is time to explore some more creative options to keep payments affordable.
PSA: Loan Servicer Deferment Advice is Often Wrong
Loan servicers like to suggest deferments for struggling borrowers, but this suggestion is often good for the lender and bad for the borrower.
