A deferment allows you to temporarily reduce or postpone re re re payments in your loan(s) if you’re going back to university, going to graduate college, or entering an internship, clerkship, fellowship, or residency.
What exactly is education loan deferment?
A deferment may help if you’re wondering how to balance paying your undergraduate loans with returning to college installment loans kentucky, attending graduate school, or taking on an internship, clerkship, fellowship, or residency.
Deferring re re payments allows you to reduce or postpone your repayments. Whenever you request a deferment of the Sallie Mae undergraduate education loan, you won’t need certainly to make major and interest repayments while you’re at school or through your internship, clerkship, fellowship, or residency.
During deferment, your Sallie Mae loans will come back to the payment choice you initially elected (in other words., interest, fixed, or deferred). This means you originally took out your loan, you’ll continue to make those throughout your deferment period if you were making either monthly interest-only or fixed payments when. Read More