Education loan deferment can pause your month-to-month loan payments, usually for at the most 36 months. Also unless the following are true if you qualify for a deferment, you probably shouldn’t use it:
- You’ve got subsidized federal loans — these don’t interest that is accrue deferment.
- You can’t manage to make any re payment on your own student loans.
- You’ll have the ability to restart payment reasonably soon.