Sentences with phrase «as economic hardship deferment»

Not exact matches

Federal student loans have fixed interest rates and offer an array of consumer protections and favorable terms, including deferment and forbearance in times of economic hardship, manageable repayment options such as the income - Based Repayment and Public Service Loan Forgiveness programs.

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.

The government has deferment programs for specific circumstances such as economic hardship, military service and unemployment.