Neither forbearance nor deferment count as default on a student loan which is incredibly beneficial for borrowers who may experience unexpected unemployment or a significant decrease in income for a period of time. (studentloans.net)
Neither forbearance nor deferment count as default on a student loan which is incredibly beneficial for borrowers who may experience unexpected unemployment or a significant decrease in income for a period of time. (studentloans.net)
Many also use RRSPs as a source of emergency funds in the event of unexpected unemployment: you can take money out whenever you wish, provided you pay tax on it. (moneysense.ca)