Phrases with «hardship deferment»

A "hardship deferment" refers to a temporary pause or postponement given to someone who is going through difficult circumstances, such as financial struggles, illness, or personal hardships. This deferment allows the individual to temporarily stop making payments or fulfilling obligations. Full definition

Sentences with «hardship deferment»

  • They are, however, eligible for an economic hardship deferment for up to three years. (finaid.org)
  • It effectively functions like the economic hardship deferment for the first three years for these borrowers and like a forbearance indefinitely (until the remaining debt is cancelled after 25 years in repayment). (finaid.org)
  • Borrowers who want to apply for an economic hardship deferment need to start at their loan servicer's website. (studentloans.net)
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