Not exact matches
Paying off interest while you're still a student can
stop interest from
accruing and keep your
debt balance down.
Proposals settle
debts for a fraction of what is owed and Interest
stops accruing the moment you file, offering you a chance at a fresh financial start.
However, just because you don't need to make payments doesn't mean that interest
stops accruing during that period — your student loan
debt continues to grow during that time.
You will no longer
accrue interest on your
debts, collection calls will
stop, and payments become more manageable.