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Deferment & Forbearance
A deferment is a temporary postponement of student loan payments based on a specific circumstance. For example, an in-school deferment requires that you be enrolled at least half-time. A forbearance, however, can be granted at the discretion of your loan servicer. Subsidized loans will not gather interest during a deferment period, but will gather interest as normal during forbearance. Both deferments and forbearances typically have lifetime limits, so use them sparingly. Your service may be able to offer you a different repayment plan if you are having trouble making your student loan payments. The Office of Financial Assistances also offers in-person, telephone, or email assistance with student loan questions both to current as well as former students.