what is a deferment on student loans
As the U.S. Department of Education explains, a deferment to your student loans is âa period during which repayment of the principal and interest of your loan is temporarily delayed.â. During a period of deferment, you do not need to pay anything on your loan. There is typically an agreement on the length of time allowed to defer depending on the program. For certain situations, the government will pay the interest on your Federal Perkins Loan, Direct Subsidized Loans, and/or Subsidized Federal Loans.