deferment

The marriage and children the couple soon produced allowed Cheney to obtain draft deferments while pursuing graduate studies.

He obtained a string of deferments, first so that he could finish his college course and then when his new wife, Lynne became pregnant.

With a Direct Subsidized Loan, the federal government pays the interest while the student is enrolled at least half-time, then during the six-month grace period after leaving school and during any approved deferments.

He spent 15 years in and out of forbearance, deferment and repayment on his federal loans.

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.