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Www Homeloanhomefinancing Home Loan Home Financing Szh Organization Aspx Home Loan Home Financing How to Defer Student Loans | eHow.com

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  • 4

    Give your lender two weeks to process your deferment request. If you haven't received confirmation that your request has been approved, call a loan representative and check on the status. This will help hasten the process if there is a problem granting your deferment because additional documentation is needed.

  • 5

    Decide whether you want to continue paying the loan's interest each month, or have the interest capitalized and added onto the principal of the loan. The latter option will cost you more money, because the interest payments will get higher as the loan's balance increases. Review your current financial situation and determine which option makes the most sense for you.

  • 6

    Keep copies of all the documentation related to your student loan deferment, even after your deferment period ends. If there is a discrepancy between yourself and the loan provider, you'll be able to see easily what the original agreement stated.

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