Devon was hectic, and it did not go off without a hitch, but Weston had plenty of support from an entourage of friends and members of her local GMO, the Lehigh Valley Dressage Association. âWe were assigned a stall in the CDI barn, and we had to move Pablo and all of our stuff three hours before my ride.
As the U.S. Department of Education explains, a deferment to your student loans is âa period during which repayment of the principal and interest of your loan is temporarily delayed.â. During a period of deferment, you do not need to pay anything on your loan. There is typically an agreement on the length of time allowed to defer depending on the program. For certain situations, the government will pay the interest on your Federal Perkins Loan, Direct Subsidized Loans, and/or Subsidized Federal Loans.
Stafford Loans are available both as subsidized and unsubsidized loans. Subsidized loans are offered to students based on demonstrated financial need. (See Expected Family Contribution.) The interest on subsidized loans is paid by the federal government while the student is in school and during authorized deferment. For unsubsidized Stafford Loans, students are responsible for all of the interest that accrues while the student is enrolled in school. The interest may be deferred throughout enrollment. Unpaid interest that is deferred until after graduation is capitalized (added to the loan principal).