When a student loan borrower is permitted to stop making student loan payments due to unemployment for up to three years without the accrual of interest, this is known as: a. delinquency b. deferment c. forbearance d. default
Added by Kaitlyn R.
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Delinquency refers to missing payments, default means failing to repay the loan as agreed, deferment allows for a temporary pause in payments without interest accruing under certain conditions, and forbearance is a temporary postponement of payments where interest Show more…
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