OLOL College

What is deferment?

What is deferment?

A deferment is a period of time during which no payments are required and interest does not accrue (accumulate), unless you have an unsubsidized Stafford Loan. The most common loan deferment  conditions are enrollment in school at least half-time, inability to find full-time employment (for up to three years), and economic hardship (for up to three years).