From DaveRamsey.com….
When it comes to paying off your student loans, the struggle is beyond real. It can feel straight-up life-crushing and maybe even impossible. But hey—you aren’t alone under this weight. There are 44 million student loan borrowers in America who, put together, owe around $1.6 trillion in student loan debt.1, 2
If you’re feeling burdened by this debt, you may be searching for a way to pause those payments—and seeing a few options. But student loan deferment vs forbearance—what’s the difference? But don’t jump into this temporary relief just yet. First, you should know more about how deferment and forbearance work—plus other options you have if you’re feeling completely overwhelmed by your student loans.
