I Maxed Out My 36-Month Student Loan Deferment. What Now?

I Maxed Out My 36-Month Student Loan Deferment. What Now?
December 18, 2020 5:41 AM
Zina Kumok - Forbes Advisor
Posted:
Updated:
December 19, 2020 8:42 AM
The economic fallout from the Covid-19 pandemic has left millions of Americans underemployed or jobless, making it increasingly difficult to pay for basic living expenses. In circumstances like these, student loan payments become a much lower priority.
That’s why deferment exists—to give borrowers who are struggling financially some time to recover, so they can avoid defaulting and eventually pay off their balance in full. But what happens when you max out the 36-month deferment limit for economic hardship?

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