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Concept
Loan Deferment
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Summary
Loan Deferment
is a
Temporary postponement of loan payments
, often granted to
Borrowers experiencing
Financial Hardship
, allowing them to
Delay repayment without accruing penalties
. It is crucial to understand that
Interest may still accrue
during the
Deferment period
, potentially increasing the
Total amount owed
over time.
Concepts
Interest Accrual
Financial Hardship
Repayment Schedule
Loan Servicing
Credit Impact
Deferment Eligibility
Forbearance
Federal Student Loans
Debt Management
Loan Agreement
Economic Hardship Deferment
Private Student Loans
Enrollment Verification
Subsidized Loan
Relevant Degrees
International Finance 100%
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