A deferment allows you to temporarily reduce or postpone re re payments on your own loan(s) if you’re going back to college, likely to graduate college, or entering an internship, clerkship, fellowship, or residency.
What exactly is education loan deferment?
If you’re wondering just how to balance having to pay your undergraduate loans with time for university, attending graduate college, or dealing with an internship, clerkship, fellowship, or residency, a deferment might help.
Deferring re re re payments enables you to reduce or postpone your repayments. You won’t have to make principal and interest payments while you’re in school or during your internship, clerkship, fellowship, or residency when you request a deferment of a Sallie Mae undergraduate student loan.
During deferment, your Sallie Mae loans will come back to the payment choice you initially selected (for example., interest, fixed, or deferred). This means if perhaps you were making either monthly interest-only or fixed payments once you initially took down your loan, you’ll continue steadily to make those during your deferment duration. Continuar leyendo «Deferring your loans while time for university or likely to graduate college»