Student Deferments

Student deferments are approvals that temporarily postpone the repayment of student loans. They are granted when a borrower meets specific circumstances, such as continuing education or financial hardship. During a deferment, interest may pause accumulating depending on the loan type, helping borrowers manage their financial commitments without defaulting. It’s a way to ease temporary financial strain or support ongoing education, ensuring that repayment responsibilities can be deferred without penalty for a set period.