Deferments can be useful in some situations; however, we do not recommend that a person use them to delay payments. If you are trying to keep your student loans in deferment because you cannot afford the payment, you are missing a golden opportunity to start the forgiveness clock on your loans. As long as your loans are in deferment or forbearance, time has stopped for you and you are not moving toward the forgiveness of your student loan debt. Also, deferments and forbearances are doing nothing but increasing your student loan balances.
If you cannot afford your payment, our office can help you. We can help you set up a repayment plan, often with a very, very low payment. This will start your forgiveness clock so you can relax knowing this debt is being paid.