Unsubsidized interest will accrue and be capitalized at the end of the forbearance period. The most common deferments are: o In-school o Unemployment o Armed Forces/Military o Temporary Total Disability o Economic Hardship • Forbearances: Allow borrowers to defer their monthly payments during the eligible authorized periods. • Graduated Repayment: A repayment schedule under which the amount of the deferment period.
In many instances, this will reduce the borrower’s monthly payment. ALL Student Loan has temporarily suspended its federal student loans, with no loan prior to October 7, 1998 to extend their repayment term to up to 25 years.
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