It is a condition granted by your lender. The lender may postpone making payments on your loan under certain conditions. To request a deferment from EdFed, please call us at (800) 821-5659.
However, you will have to pay the interest charged on all other federally-guaranteed student loans during a deferment period. Either pay the interest as it accrues or allow it to accumulate and be capitalized when the deferment period ends.
If you have any questions about the federal loan consolidation process, please email us or call (800) 821-5659 to talk to an expert loan advisor.
How EdFed Helped others!
I had been interested in consolidating my student loans for a while when I was contacted by a loan representative from EdFed. She was able to tell me what my interest rate would be and how much I would save. She explained everything in detail and I recommend calling to see what they can do for you. - Sean R. Colorado Springs, CO
