Under particular circumstances, it is possible to receive periods of deferment or forbearance that enable one to postpone loan payment.
Postponing Loan Repayment (Deferment and Forbearance) These durations don’t count toward how long you must repay your loan. You can’t obtain a forbearance or deferment for a loan this is certainly currently in default. * What exactly is deferment? A deferment is a period during which no re re payments are needed and interest doesn’t…