Cost of Postponing Your Payments

Calculators

You may not be able to make monthly payments right now—and that's okay. The federal government allows for many different deferments and forbearances that could postpone your payment, and one may be perfect for your unique situation.

Find out how much extra interest you'll potentially pay if you choose to postpone your payments with a deferment or forbearance. Remember, interest adds up fast, so it's important to know how much it will tack on to your balance in the long run. To avoid capitalization, you may choose to make small payments toward the balance that at least covers interest that is accruing.

Learn more about postponing your payments with deferment or forbearance.

Calculate the Cost of a Deferment/Forbearance

   

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