Deferments allow you to temporarily postpone the payment of your loan. Deferments are not automatic; you must apply and be approved by your lender. The most common reasons for deferment include:
During periods of deferment on subsidized Stafford loans, the principal payments are postponed and interest is paid by the federal government. However, you are responsible for interest that accrues on any unsubsidized Stafford loan.
Other deferments available for loans dispersed prior to 7/1/93:
