Do I Need to Pay Interest During In-School Deferment?
Definition and Examples of In-School Deferment
Andy Smith is a Certified Financial Planner (CFP), licensed realtor and educator with over 35 years of diverse financial management experience. He is an expert on personal finance, corporate finance and real estate and has assisted thousands of clients in meeting their financial goals over his career.
An in-school deferment is a type of student loan deferment that lets you pause payments on your student loans while you’re still enrolled in school.
What Is In-School Deferment?
In-school deferment is a temporary postponement of repayment of federal student loans that students can obtain while enrolled in school, and in some cases, for six additional months after they cease to be enrolled. It allows you to ease your financial burden while you’re in school and focus on your education.
How In-School Deferment Works
It’s tough to cover your expenses, much less pay down debt, when you’re a student. (mais…)