How can I defer a student loan if I quit my job to start a small business?
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I want to start my own company and I have car payments to make, student loan to pay-off, and a credit card bill to pay off as well. I want to know if can I can defer the payments on any or all of these.
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Answer:
Relevant options for federal student loans include the economic hardship deferment, forbearances and income-based repayment. Note that suspending repayment on a loan can lead to capitalization of interest, which increases the amount owed.
Mark Kantrowitz at Quora Visit the source
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