Deferment/Forbearance for your existing student loans
Deferment and forbearance are temporary postponements of loan repayment. Both are legal entitlement that postpones loan payments for specific periods of time if the borrower meets certain conditions. Neither deferment nor forbearance are automatic; they must be requested, on a timely basis, by the borrower. Borrowers must submit forms and documents to prove that they qualify for the requested … ................
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