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Latest from FSA: 5 Questions to Ask Yourself Before Postponing Your Federal Student Loan Payments

December 8, 2016

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FSA recently tweeted out a link to a blog post at HomeRoom, the official blog of the Department of Education. The post offers students advice on questions they should consider prior to postponing their federal student loan payments.

The five questions the blog post delves into include:

  1. Should I choose a deferment or forbearance?
  2. Can I postpone my payments with deferment or forbearance?
  3. How could a deferment or forbearance cause my loan balance to increase?
  4. Should I postpone my payments with a deferment or forbearance?
  5. What are my other options?

In addition to these questions, the post advises students to always proceed with caution and to consider asking their servicers for advice. We encourage you to share this post with your students.

Check out the original blog post.

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