1. Deferment means putting off or postponing You can get a student loan and not pay until you’re done with school

2. If you default on a student loan: Damage you credit score Your loan balance will increase Your loan holder can even take money from your paycheck or your tax refund

3. See what your interest rates going to be How much your payments are going to be If you work enough to make your payments

4. only offered under certain circumstances it is important that you continue to pay on your loan

5. In school (no time limit) Unemployment (up to 36 months) Economic hardship (up to 36 months) Graduate fellowship (no time limit) Rehabilitation training (no time limit)

6. One simple loan. Student Deferment. February 18 th 2009 http://www.onesimpleloan.com/deferment_ forms.asp http://www.onesimpleloan.com/deferment_ forms.asp Next Student. February 17 th 2009 http://www.nextstudent.com/financial-aid- advisor/deferment.asp http://www.nextstudent.com/financial-aid- advisor/deferment.asp