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How long of a leave can you take from college before needing to fill out extension papers for loans?
Wiki User
∙ 9y ago
A deferment means that no payments need to be made on a student loan during the approved period of time. There are several situations that allow current and former students to qualify for student loan deferment. A deferment is a postponement of payment on a loan, during which interest does not accrue if the loan is subsidized. You may qualify for a deferment while you are in school or an approved program for at least part time. Another reason is if you are unemployed or meet the rules of economic hardship defined by the government which will be determined by the US department of education. Being in the army is also cause for a deferment. Speaking to a loan counselor will better help determine your needs and direct you to the right path.
Wiki User
∙ 9y ago
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