Discover the differences between grace periods and deferments, how they apply to loans, and their impact on your financial strategy.
The increasing cost of medical school has resulted in a heavy debt burden for many wishing to enter the medical profession. Without doubt, medical school debt is one factor contributing to the lack of ...
The U.S. Department of Education's deferments and forbearances — or payment pauses — can help student loan borrowers avoid the harsh consequences of falling behind on their bills, consumer advocates ...
If you’re having trouble repaying your loan as promised, requesting a loan deferment might help you temporarily pause or reduce payments. Plus, it can help you avoid late fees and damage to your ...
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The Department of Veterans Affairs announced this week that it is extending the timeframe for borrowers to request loan deferment. According to the VA’s circular, servicers may continue offering loan ...
After being suspended three years, federal student loan payments are expected to resume soon. But borrowers have options to keep the bills on pause. After being suspended for more than three years, ...
Effective July 28, 2021, the Small Business Administration (“SBA”) announced a new interim final rule that, inter alia, extends the “deferment period” for borrowers that appeal a final SBA loan review ...