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Deferment and Forbearance
This option permits debtors to temporarily postpone funds underneath sure situations similar to financial hardship or enrollment in school. During deferment, interest does not accrue on sponsored loans, offering some monetary reduction. Forbearance, just like deferment, also allows for temporary postponement however with the interest persevering with to accrue on all loan types. These options are helpful in instances of economic difficulty but should be used judiciously because of the potential enhance within the loan balance over t
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