“Borrowing to pay for college has become the primary way that most students pay for college,” says Tamara Draut, director of the Economic Opportunity Program at Demos and author of “Strapped: Why America’s 20- and 30-Somethings Can’t Get Ahead.”
Parents who are unable to save the staggering amount of money needed to fund an undergraduate degree […]

Loan deferment refers to a temporary period when a borrower is not required to make payments for an eligible reason. For Subsidized Stafford Loans, the interest that accrues on the loan during the deferment is paid by the federal government. For Unsubsidized Stafford Loans, the interest that accrues during a deferment must be paid by […]