The Basics of Deferment and Forbearance

Yorad WHAT IS THE DIFFERENCE BETWEEN DEFERMENT & FORBEARANCE? DEFERMENT DEFERMENT FORBEARANCE OF SUBSIDIZED LOANS OF UN-SUBSIDIZED LOANS (ALL LOAN TYPES) POSTPONES YOUR LOAN PAYΜΕNTS LOAN PAYMENTS ACCRUES INTEREST THAT YOU WILL OWE You do have the ability to make interest only payments to avoid having the interest capitalize %|% %% THE GOVERNMENT PAYS YOUR INTEREST 24 II APPLIES WHEN YOU ARE IN SCHOOL Students must be attending at least half time status to qualify for an in-school deferment 24 EASIEST TO QUALIFY FOR YOU WILL PAY MORE MONEY IN THE LONG RUN DOES NOT APPLY IF YOU ARE IN DEFAULT iGrad