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Student Loan Deferment
Term gets tossed around a lot and many graduates do not understand the implications
~Quick Value Thread~
Term gets tossed around a lot and many graduates do not understand the implications
~Quick Value Thread~
Loan Deferment
Is agreed upon between the loan owner and the lender
To defer or postpone repayment
The deferment usually
Adds to the COST and LENGTH of the loan,
But prevents the loan from going to default
Is agreed upon between the loan owner and the lender
To defer or postpone repayment
The deferment usually
Adds to the COST and LENGTH of the loan,
But prevents the loan from going to default
Individuals may choose to seek out loan deferment under financial hardship or unemployment
Sometimes requiring financial proof
Sometimes requiring financial proof
An example of a LENDER initiated deferment
Would be the passing of the CARES Act in March
All federal student loans have been deferred through January 1st, 2021
However, it is assumed that this deferment will not last forever
And the lending period will resume
Would be the passing of the CARES Act in March
All federal student loans have been deferred through January 1st, 2021
However, it is assumed that this deferment will not last forever
And the lending period will resume
This thread is meant to be informative
and it’s not a providing a stance on whether deferment is positive or negative
As each persons’ situation can be different
and it’s not a providing a stance on whether deferment is positive or negative
As each persons’ situation can be different
There are many who have never heard of student loan deferment !!
I urge you retweet the first tweet to share with others!
- @BWPFinance
I urge you retweet the first tweet to share with others!
- @BWPFinance
