Forbearance...

[berkeley]

I was looking at a possible job prospect some ten yrs away from now.. and I can not have a defaulted student loan. That's not the same as a forbearance, is it?

[Rico]

Originally Posted by Berkeley

I was looking at a possible job prospect some ten yrs away from now.. and I can not have a defaulted student loan. That's not the same as a forbearance, is it?

Default means you are behind on your payments. Forbearance means they are letting you slide on your payments for a certain amount of time.

[berkeley]

Originally Posted by Rico

Default means you are behind on your payments. Forbearance means they are letting you slide on your payments for a certain amount of time.

Ah.. so default means you are not paying and made no arrangements to do such..

thanks!!