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Deferment
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Definition
If you are faced with difficulty in making your student loan payment, you may qualify for a deferment. Deferments will temporarily suspend payments. The government will pay the interest on your subsidized loans during periods of deferment. Your unsubsidized loans will accrue interest during periods of deferment; however, payments are not required. Types of deferment you may qualify for include:
Note: You must continue to make your regular monthly payments until you have been notified
in writing your deferment has been approved.
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