Keyword Analysis & Research: deferment definitions


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What is the difference between a deferment and a forbearance?

The major difference between deferment and forbearance is the role of the government. In the latter option, the federal government will not help pay the interest that accrues with a loan. It is not an entitlement. Forbearance, therefore, is typically pursued by students who—for whatever reason—do not qualify for deferment.


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