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 just finished up school and finances are a little tight for me right now. EdFed consolidated my loans and saved me over $200 on monthly payments. Now I have more money to put into opening up my own business and beginning a successful future. I would definitely recommend EdFed to any student looking to save money, get lower interest rates and get great customer service while doing it. - Trent T. Omaha, NE
