The Saint Louis University workplace of Student Financial solutions can be acquired to work with you with deferment, forbearance as well as other education loan problems. We encourage one to e mail us via phone, e-mail or workplace check out at any time; no visit is important.
Keep in mind that you might be the source that is best of data regarding the figuratively speaking. You have got usage of most of the necessary paperwork and solutions. We encourage one to have a stance that is proactive your loans.
Loan Deferment and Forbearance. Many residents decide to benefit from among the repayment that is income-driven made available from federal education loan programs.
But, there may remain circumstances where postponing repayment is needed. Deferment or forbearance are choices to help you in avoiding delinquency and standard.
Deferment could be the short-term postponement of the month-to-month education loan repayment responsibility. Interest shall continue steadily to accrue in your unsubsidized and Grad Plus loans although not on subsidized loans.
Forbearance could be the short-term postponement or reduced amount of your month-to-month education loan payment responsibility. During forbearance, interest accrues regarding the balance that is entire of figuratively speaking, together with your subsidized loans.
Contact your loan servicer to get the needed documents to postpone your monthly obligations. Continue reading