Forbearance alternatives for individual figuratively speaking are different by the financial, and could feel smaller versatile versus deferment and you will forbearance solutions available on federal education loans. Particular loan providers utilize the word “deferment” since a synonym to own “forbearance” about the individual figuratively speaking.
Particular loan providers render forbearance just like the pupil is during college and during a healthcare residence otherwise internship. Certain dont, and require one to installment start because college student is actually school.
