Sentences with phrase «as during deferment»
Discount is not available when payments are not due, such as during deferment or forbearance or during periods where you have cancelled automatic deductions.
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A borrower is able to claim the student loan interest deduction based on voluntarily makes payments of interest during a period when such payments are not required, such as during a forbearance, deferment or grace period.
The fixed rate assigned to a loan will never change except as required by law or if you request and qualify for the ACH interest rate reduction benefit (s); ACH interest rate reduction (s) apply when full payments (including both principal and interest) are automatically drafted from a bank account and will remain on the account unless (1) the automatic deduction of payments is stopped (including times during deferment or forbearance) or (2) there are three automatic deductions returned for insufficient funds within the life of the loan.
The rate reduction benefit applies only during active repayment for as long as the Current Amount Due is successfully deducted from the designated bank account each month and is suspended during forbearances and certain deferments.
The fixed rate assigned to a loan will never change except as required by law or if you request and qualify for the ACH interest rate reduction benefit (s); ACH interest rate reduction (s) apply when full payments (including both principal and interest) are automatically drafted from a bank account and will remain on the account unless (1) the automatic deduction of payments is stopped (including times during deferment or forbearance) or (2) there are three automatic deductions returned for insufficient funds within the life of the loan.
The rate reduction benefit applies only during active repayment for as long as the Current Amount Due is successfully deducted from the designated bank account each month and is suspended during forbearances and certain deferments.
Capitalized: With certain loans, such as subsidized FFEL Loans, the U.S. Department of Education pays the interest that accrues on these loans while the student is enrolled at least half - time and during periods of deferment.
When the interest is not paid as it accrues during the grace period or periods of in - school status, deferment, or forbearance, your lender may capitalize the interest.
This might happen once during the life of the loan when repayment starts, or at intervals, such as after deferment or on an annual basis.
Additionally, many private loan lenders offer deferments to postpone payments for certain circumstances such as returning to school, while in an internship or residency, or during other approved events as determined by your private loan lender.
Unlike some federal loans, interest will generally accrue during private loan deferment periods as well (including in - school deferments).
Unlike the typical private loan, federal loans come with guaranteed benefits such as deferment while the borrower is in school, forbearance during times of economic hardship, and in some cases a right to put the loan on an income - driven repayment plan with a capped monthly payment.
When the interest is not paid as it accrues during periods of in - school status, the grace period, deferment, or forbearance, your lender may capitalize the interest.
Borrowers in the federal program are also eligible to take advantage of programs such as deferments, forbearances, or grace periods that temporarily reduce or suspend monthly payments during times of financial hardship.
The Direct Loan program is less aggressive in encouraging forbearances and deferments and so is more likely to see an increase in deferments and forbearances during a recession (as has occurred in FY2007 and FY2008).
Unlike deferment, interest always accrues during a forbearance (interest accrues in deferment as well, but with subsidized loans, the Federal government pays the interest).
Deferment and forbearance are meant to help borrowers get back on their feet during a financial crisis such as job loss.
As stated above, interest will continue to accrue on your student loans during both deferment and forbearance, and if you can not afford to pay off the interest that has accrued, it will be capitalized.
The rate reduction benefit applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month, and may therefore be suspended during a forbearance or deferment period.
The rate reduction applies for as long as the monthly payment amount is successfully deducted from the designated bank account and is suspended during periods of forbearance and certain deferments.
When you are responsible for paying the interest on your loans during a deferment or forbearance, you can either pay the interest as it accrues, or you can allow it to accrue and be capitalized (added to your loan principal balance) at the end of the deferment or forbearance period.
In fact, the government pays the interest on them while students are in school and during other periods of deferment (such as when you fun into financial trouble).
During deferment, you are generally not responsible for paying the interest that accrues on certain loan types such as Direct Subsidized Loans and Federal Perkins Loans.
Under Deferred Life Annuity option, Policy Loans will be available during deferment period subject to such terms and conditions as the company may specify from time to time.
The American Federation of Government Employees (AFGE), for example, offers group insurance rates as well as grants for driver education classes and auto insurance premium deferment during prolonged strikes or lockouts.