How do I defer student loan?

How can I defer a student loan if I quit my job to start a small business?

  • 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.

  • 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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