How can you defer student loan debt?
How can you avoid student loan default?
What you need to know about the federal student loan program.
Read MoreWhat can you do to help students save for their future?
Aboriginal students can defer the cost of their education, but they must pay it off in full.
That’s where the term “student loan” comes in.
“That means the government doesn’t have to cover the principal,” says Sarah Epps, executive director of the nonprofit Student Debt Relief Coalition.
“The government has to make the principal payment, but the principal doesn’t go to you.
Students are more likely to have to pay the principal off than not to because they can get a deferment in full.”
The government can take out a student loan on behalf of the federal government for up to $1,500, but that’s a very small sum compared to the cost you could be facing if you owe a debt.
The government offers three options for students to defer their student loans: the Federal Perkins Loan, the Family Education Loan, and the Direct Loan.
You can defer federal student loans for up