What many people don't know about their student loans is that there are deferment and forbearance options available to help postpone payments on their loan until they are able to start making payments again.
One thing to remember, you only have a limited amount of deferment and forbearance time to use for the life of the loan. Typically, you would receive 36 months of forbearance time for the life of the loan and 36 months of each type of deferment for the life of the loan.
In the coming days, I will go into more detail about each option and how it affects your loan.
Monday, June 18, 2007
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