deferment

It’s the reason so many student-loan borrowers find themselves trapped in cycles of deferment, forbearance or minimum payments that allow balances to balloon rather than shrink.

I got a medical deferment — and not for bone spurs.

In South Korea, all able-bodied men are required to serve 18 months of military service, although rare exceptions are made - and deferments are sometimes granted.

If necessary, you can also look into deferment and forbearance options.

But because borrowers with federal loans can choose from forbearance, deferment or income-driven repayment, it’s that much more challenging to prove undue hardship.