Can I defer or postpone payments on my student loans from the Missouri Higher Education Loan Authority?

Yes, borrowers have the option to defer or postpone payments on their student loans from the Missouri Higher Education Loan Authority (MOHELA). This allows temporary relief from making monthly payments. Deferment or postponement is available under specific circumstances such as economic hardship, unemployment, military service, or enrollment in school. During a deferment or postponement period, interest may continue to accrue, depending on the type of loan. MOHELA offers various deferment options, such as economic hardship deferment and in-school deferment. It is important to apply for deferment or postponement as soon as the need arises to avoid potential negative consequences. Further details, eligibility criteria, and necessary forms can be found on MOHELA's website or by contacting their customer service.