What is the difference between forbearance and deferment?

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 .

answer:

5

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