Washington WPF CrRLJ 04.110 - Petition for Deferred Prosecution

First things first: deferred does not mean rejected. It also doesn't mean waitlisted. It means that your application is being moved to the regular decision applicant pool. In other words, the college wants to wait to see who else will apply before they decide whether or not to accept you.

Normally, each month your lender reports your payment to the credit bureaus as paid on time, paid late or delinquent.But in the case of a deferred payment, they'll instead report it as deferred. This means that they agreed not to take payment for that month so the missed payment won't hurt your credit score.

Deferments can make sense in some cases Freeing up cash flow today and delaying that expense until the end of a loan is usually a good idea, Daniel Granucci, a financial planner and president of Connecticut-based Iron Path Wealth Management.

Deferred payments are payments that are completely or partially postponed for financial reasons. Deferred payments come in many forms. Some deferred payments keep individuals at a company, while other deferred payments allow students suffering financial hardships to continue their education.

Some lenders offer borrowers deferred payments. This means that you may not be required to make the monthly payment. Instead, the amount due will be delayed until the end of your loan. This could result in lower monthly payments when you're having trouble paying when bills are due.

Credit bureaus will not count deferred payments against you. Any late payments you already have won't become more late during deferment.

Intransitive verb. 1a : to be unlike or distinct in nature, form, or characteristics the law of one state differs from that of another. b : to change from time to time or from one instance to another : vary the number of cookies in a box may differ.

Getting deferred means the college is postponing its admissions decision and will review your application with the regular-decision applicants. You'll find out in the spring if you've been accepted or rejected.