Get Student Loan Deferment Processing - Northern Virginia Community ...

If you're having trouble repaying your loans, you may consider requesting a loan deferment or forbearance: With a loan deferment, you can temporarily stop making payments. With a loan forbearance, you can stop making payments or reduce your monthly payments for up to 12 months.

Both deferment and forbearance allow you to temporarily postpone or reduce your federal student loan payments. The difference has to do with interest accrual (accumulation). During a deferment, interest doesn't accrue on some types of Direct Loans. During a forbearance, interest accrues on all types of Direct Loans.

If you're having trouble repaying your loans, you may consider requesting a loan deferment or forbearance: With a loan deferment, you can temporarily stop making payments. With a loan forbearance, you can stop making payments or reduce your monthly payments for up to 12 months.

Both deferment and forbearance allow you to temporarily postpone or reduce your federal student loan payments. The difference has to do with interest accrual (accumulation). During a deferment, interest doesn't accrue on some types of Direct Loans. During a forbearance, interest accrues on all types of Direct Loans.

A student loan deferral doesn't directly impact your credit score since it occurs with the lender's approval. Student loan deferrals can increase the age and the size of unpaid debt, which can hurt a credit score. Not getting a deferral until an account is delinquent or in default can also hurt a credit score.

A student loan deferral doesn't directly impact your credit score since it occurs with the lender's approval. Student loan deferrals can increase the age and the size of unpaid debt, which can hurt a credit score. Not getting a deferral until an account is delinquent or in default can also hurt a credit score.

Forbearance allows you to temporarily postpone payments on your student loan while protecting your credit but accrues credit, and is not for students going back to school, and is more money in the long run but easier to qualify for. Deferment doesn't accrue interest, but is students going back to school.

Forbearance allows you to temporarily postpone payments on your student loan while protecting your credit but accrues credit, and is not for students going back to school, and is more money in the long run but easier to qualify for. Deferment doesn't accrue interest, but is students going back to school.

With forbearance, you won't have to make a payment, or you can temporarily make a smaller payment. However, you probably won't be making any progress toward forgiveness or paying back your loan. As an alternative, consider income-driven repayment. You have a limited amount of forbearance available.

With forbearance, you won't have to make a payment, or you can temporarily make a smaller payment. However, you probably won't be making any progress toward forgiveness or paying back your loan. As an alternative, consider income-driven repayment. You have a limited amount of forbearance available.

Eligible borrowers can defer student loan payments for up to three years. Once you qualify, you won't have to re-apply every 12 months to remain eligible.

Eligible borrowers can defer student loan payments for up to three years. Once you qualify, you won't have to re-apply every 12 months to remain eligible.

Eligible borrowers can defer student loan payments for up to three years. Once you qualify, you won't have to re-apply every 12 months to remain eligible.

Eligible borrowers can defer student loan payments for up to three years. Once you qualify, you won't have to re-apply every 12 months to remain eligible.

You must be enrolled at least half-time for “In-School” deferment purposes (a minimum of 6 credits each semester as an undergraduate student or 3 credits as a graduate student).

The U.S. Department of Education's COVID-19 relief for student loans has ended. The 0% interest rate ended Sept. 1, 2023, and payments restarted in October.

You must be enrolled at least half-time for “In-School” deferment purposes (a minimum of 6 credits each semester as an undergraduate student or 3 credits as a graduate student).

You may be eligible for this deferment if you receive unemployment benefits or you are seeking and unable to find full-time employment. You can receive this deferment for up to three years.

The U.S. Department of Education's COVID-19 relief for student loans has ended. The 0% interest rate ended Sept. 1, 2023, and payments restarted in October.

You must be enrolled at least half-time for “In-School” deferment purposes (a minimum of 6 credits each semester as an undergraduate student or 3 credits as a graduate student).

You must be enrolled at least half-time for “In-School” deferment purposes (a minimum of 6 credits each semester as an undergraduate student or 3 credits as a graduate student).

You may be eligible for this deferment if you receive unemployment benefits or you are seeking and unable to find full-time employment. You can receive this deferment for up to three years.

You must be enrolled at least half-time for “In-School” deferment purposes (a minimum of 6 credits each semester as an undergraduate student or 3 credits as a graduate student).