What Is The Difference Between Forbearance And Deferment?

Описание: Navigating student loan repayment can be complex, and understanding your options is crucial. This video breaks down two common relief choices: forbearance and deferment.

In this concise guide, you'll discover:
► The fundamental definition and purpose of both student loan forbearance and deferment.
► Key differences between these two options, including interest accrual and eligibility criteria.
► How each option impacts your long-term repayment strategy and financial health.
► Common scenarios where forbearance or deferment might be the right choice for your situation.
► Important considerations to weigh before deciding which, if any, option to pursue.


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