Explanation:
A forbearance or deferment allows to stop making the federal student payment of loans or decrease the amount of payment for small interval of time , if some eligibility criteria is fulfilled .
Deferment and forbearance main difference is ,
is that with the deferment , you are not responsible for the payment of the interest that accrues on the certain loans during the deferment period .
But in case of forbearance ,
you are responsible for the payment of the interest which accrues on all the types of the federal student loans .
