Can I request a deferment or forbearance on my Citi Student Loan payments?

Yes, borrowers of Citi Student Loans can request a deferment or forbearance on their loan payments. Deferment allows borrowers to temporarily suspend payments due to specific circumstances like enrollment in school, unemployment, or financial hardship. During deferment, interest may continue to accrue depending on the loan type. Forbearance, on the other hand, allows borrowers to temporarily reduce or postpone their monthly payments due to financial difficulties. Unlike deferment, interest always continues to accrue during forbearance, irrespective of the loan type. As these options provide temporary relief, borrowers should contact the loan servicer to discuss eligibility requirements, application procedures, and potential impact on the loan. It is important to understand the terms and conditions to make an informed decision regarding deferment or forbearance on Citi Student Loan payments.