________ is when a borrower is allowed to temporarily stop making student loan payments for a qualified reason such as an illness,financial hardship,or serving in a medical or dental internship or residency.

Question

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Forbearance is a temporary suspension of student loan payments where the borrower is still responsible for interest that accrues during the forbearance period. Deferment and delinquency are different concepts. Deferment allows a borrower to temporarily postpone repayment of the principal and interest of a loan, while delinquency is when a borrower misses a payment or is late with a payment. Default occurs when the borrower fails to repay the loan, and can have serious consequences such as wage garnishment and negative impacts on credit scores.

________ Is When a Borrower Is Allowed to Temporarily Stop