2. The federal government may spend the money for accumulated desire. S. Department of Education will pay any interest you accrue during the period your deferment. So when you finish your degree, you won’t have increased the balance on your old loans.
3. You are able to keep government benefits. If you’re relying on the possibility of an income-driven repayment plan or federal loan forgiveness through a program like Public Service Loan Forgiveness, deferring your student loans keeps all those federal benefits as options.
1. You’ll be able to dish up focus. If you have unsubsidized federal loans, you won’t be so lucky. Unsubsidized loans accrue interest while you’re not paying, and it will be capitalized once you finish the grace period. That means you’ll graduate with an increase in your student loan debt even if you didn’t take out loans for this particular degree.