Postponing Payments 
Deferment can be authorized for

economic hardship,
unemployment,
military deployment,
enrollment in school,
internship,
national service, and
similar situations.

You are responsible for paying your education debt even when granted deferment. Deferment is temporary and limited to specified time frames.
If you’ve already had one deferment, you may be eligible for the same type again. In other cases, you may have exceeded [...]

A student is about to enter college but at the same time worried about how he is going to find the money to be paid for the various school dues and costs. This has been the common scenario at the start of every academic year. It is a good thing that these days, there are [...]

Federal Stafford Loans are student loans that must be repaid and are available to both undergraduate and graduate students. There are two types: Federal Direct Loan (Direct Loan) and Federal Family Education Loan (FFEL).

If it is a subsidized Stafford loan (demonstrated need for the loan), you are not responsible for interest while attending at least [...]

What is the most popular type of student loan now? The Stafford loan. More than 90% of all money borrowed for college fall under the category of a Stafford loan. This loan was first started to help low income families be able to send their children to college. The perimeters for the loan were not [...]

Loan deferment is a program in which the payments will be reduced or not be required to pay back for a specific amount of time. The good thing about deferring your student loans if you lost your job, have military duty or go back to school is that interest will stop accruing for that period [...]

In this modern age the system of employment and education demands that people obtain higher qualifications in order to get a better job; this means that most students have to rely on some form of student loan. If you do obtain a student loan there are several ways to defer making payments back to the [...]

Student loans catch up with you fast. You work hard through four or more years to get the education you need for the career you’ve always dreamed and though graduation day is anticipated, it’s also dreaded. Graduation from college is bittersweet. You enter your new life and start your independent voyage into the life you’ve [...]