What is a student loan deferment for?
You won't have to make a payment on deferment but you probably won't be making any progress toward forgiveness or paying back your loan.
Are there any alternatives to a deferment?
Yes, you might want to think about an income-driven repayment plan.
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What will happen if I stop making payments and my deferment has not been approved yet?
Actually, your loan will become what we call delinquent and you may be considered into default.
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What if I am in the military service or post-active duty, can I get a student deferment?
Would you like to know Are you eligible for deferment because you are in the military?
Yes, I am in the military.
Are you on active duty right now?
Yes, I am active duty military.
Then you may be eligible for the deferment for military service.
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Why would I have to complete DirectPlus Loan request for deferment?
You can request a deferment when you submit the Direct Plus Loan request but you would have to check with your child's school.
