What student loan types are eligible for deferment?
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Direct Loan, FFEL Program loan, and Perkins Loan borrowers are allowed deferments.
Have you received a Perkins Loan?
No I have not used a Perkins Loan.
What happens if I stop paying and my deferment is not approved?
Your loan will be considered delinquent and then go into default.
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What is important to know about in school deferment?
It is important for you to understand what happens when you are attending school and the deferment process during that time.
Should I contact the school I am enrolled at to start the deferment process?
Yes, you should contact the school you are enrolled in because they will report the info about your enrollment status so you will be placed into deferment.
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What are income-driven repayment plans?
They are a great option because they base your monthly repayment plans on your income and family size and this could lower your payments to 0.
