Deferment is the lender allowing you to temporarily stop payments on an existing student loan.
Please see the information on this ed.gov webpage to learn more about the difference between deferment and forbearance.
This is a program from the United States Education Department that helps reduce the burden of loan payments for a temporary amount of time.
The program is specifically for the parents of students, who have taken a PLUS or FFEL loan to help pay for a students college education.
Qualified PLUS loan borrowers may defer loan payments as long as certain qualifications are met. If you have specific questions, please download and read the original application form (here) or speak with a qualified advisor.
Don’t qualify for the PLUS program? Check out our library for other Anvil-powered flows, more will be added in the following days and weeks.
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