Can I defer my student loan repayments?

Great Lakes Higher Education Corp. offers options for borrowers who may need to defer their student loan repayments. A deferment allows borrowers to temporarily stop making payments without accruing interest on certain types of loans, such as subsidized federal loans, during the deferment period. Common reasons for requesting a deferment can include enrolling in school at least half-time, facing economic hardship, or serving on active duty in the military. To initiate a deferment, borrowers typically need to submit a deferment request to Great Lakes. This process may require documentation to support the request, depending on the reason for the deferment. It is important to check the specific terms and conditions of the loan agreement, as eligibility requirements and the application process may vary. Borrowers are encouraged to visit the Great Lakes website for detailed information regarding deferment options, eligibility criteria, and the necessary steps to take. This resource can guide borrowers through the process effectively.