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What Is Economic Hardship Deferment?

KXLY April 8, 2021 12:30 PM Kat Tretina - Forbes Advisor Posted: Updated: April 8, 2021 6:50 PM If you cannot afford your federal student loan payments, you may qualify for a deferment program that allows you to postpone your payments temporarily. As of the first quarter of 2020—the latest reported data before the CARES Act suspended loan payments—approximately 90,000 borrowers were enrolled in economic hardship deferment, holding $3.5 billion in outstanding student loans. If your...
Rhode Island United States Department Of Education District Of Columbia Kat Tretina Rhode Island Student Loan Authority
Source: kxly.com

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