Pausing Student Loan Payments: Deferment and Forbearance

Sometimes, it's hard to pay back your student loans.

Luckily, you can temporarily stop payments using deferment or forbearance.

Deferment can stop interest from accruing on some loans if you are unemployed or in school.

Forbearance allows a pause but interest always builds up.

Both options give you a break, but they're not a long-term solution as your debt stays the same.

They can help you avoid penalties if you're struggling to pay, giving you time to get back on your feet financially.