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If they have is listed as in default, they will take it and apply it to catch up your loan payments. I had a couple of people this year who said theirs was on deferment but they still took the refund, then others they didn't.

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10y ago

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Related Questions

Can you sill get a student loan if your in deferment on another student loan?

Yes.


What are the options available for Naviant student loan repayment?

The options available for Naviant student loan repayment include standard repayment, income-driven repayment plans, deferment, forbearance, and loan forgiveness programs.


What are the options for managing student loans payments?

Options for managing student loan payments include income-driven repayment plans, loan consolidation, refinancing, deferment or forbearance, and seeking loan forgiveness programs.


How can a student qualify for a deferment on a direct loan repayment?

It can be based on their income at the time but there is also anther way for them to get a deferment and that is if they are still attending school. Then they don't have to pay until after they graduate or stop attending.


You have no verifiable income and a large student loan debt in default what are your options?

Student loans live on forever until paid. They cannot be discharged in bankrupcy. You might try for a deferment due to income issues.


Where can one obtain student loan deferment forms?

First, check in with the loan provider. They usually can shed some light if one just asks about deferment. There is a list of situations in which one can apply for deferment on the Student Aid government site.


If the Federal Govt Incarcerated a person and that person had a student loan in deferment should this loan remain in deferment until his release?

In the US, that person can stay in unemployment deferment for up to 3 years.


When can one apply for a student loan deferment?

Deferment is difficult to achieve when it comes to student loans. Many companies will allow a deferment if the client is enrolled in school or any other program that is part of their education.


How many student loan deferments can you get?

Economic Hardship deferment and Unemployment deferment get 3 years each. Military deferment and School Deferment are unlimited. There are several types of deferment so it depends on the one you qualify for.


Where can a student get debt relief for a loan?

There are two different answers, depending on whether a student is looking for relief from a loan or a person is looking for relief from student loans, which are not generally due and payable while they are still students. Student loan relief is available directly from the lender in the form of consolidation or hardship deferment, while for other types of loans a student may be eligible for refinance, deferment by paying interest only or consumer credit counseling depending on the type of loan, the lender, their credit score and their income level.


Student Loan Deferments Explained?

You may have heard of student loan deferment, but you aren't quite sure what the deferment process means. If you are already paying back your student loan debt or are fixing to pay back your student loans, then you may want to understand the deferment process and what it can do for your loans. Deferment simple means that you are temporarily postponing making your student loan payments. However, while you may be able to temporarily suspend your payments, the interest on your student loans may continue to accrue depending on what type of deferment is chosen. There are several types of deferment. Types of Deferment Military deferment is the temporary suspension of monthly student loan payments while you are serving in the military on active duty. In-school deferment occurs when you are in school. You must be enrolled at the very least as a half-time student, which is 9 hours for undergraduates and 4 hours for graduates. Deferment due to economic hardship is when you can have your student loan payments suspended if you are unable to make payments due to financial hardship. A forbearance is granted when you may not qualify for a deferment. A loan in forbearance will continue to accrue interest. Is a Deferment Right for You? If you are trying to determine if a deferment is right for you, there are some things you need to consider. Some types of deferment will continue to accrue interest whether you are making payments or not. However, subsidized students loans, don't generate interest during the deferment. The government usually the entity covering the interest payments during this time. It's also wise to only use a deferment or forbearance when you cannot or are not ready to make your student loan payments. There is only a limited amount of time in which you can use a deferment or forbearance. It might be a good idea to make the payments when you can, while keeping a deferment or forbearance as a safety net to use in hard economic times. You can also use several months of deferment or forbearance at different intervals. In other words, use as few months as possible.


Does ACS offer student loan deferment?

"ACS does offer student loan deferments. They also offer forbearance for a variety of reasons. You will have to qualify for deferment, sometimes forbearance is easier to qualify for. reasons may include being a full-time student or financial hardship."