How long can you defer students loans?

Answer by  HelpfulMal (539)

Usually when you apply for a deferment on student loans, it lasts for 6 months (up to 36 months total) and has to be renewed every 3 months. You have to qualify for a deferment based on unemployment or another reason. You might explore forbearance--where you pay a reduced amount.

Answer by  jpars795 (46)

For Federal Loans, Unemployment and Economic Hardship Deferments can be 12 months maximum at a time and a total of 36 months each. In-School Deferments have no maximum time limit.

Answer by  mtown934 (733)

Well, the loans can be deferred for quite awhile but after awhile the interest will really keep accruing and you will be faced with quite the debt. You have time to get back on your feet before you really need to make payments but you could be in trouble soon.