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Student Loan Deferment Calculator

Student Loan Deferment is a student loan repayment option that allows a borrower to temporarily postpone student loan payments during the repayment period.

Most federal student loans offer a deferment period of up to 3 years. Private student loans don’t always have student loan deferment as an option.

Student loan in deferment often (but not always) accrue interest. Use the Student Loan Deferment Calculator below to calculate how much interest you will accrue by deferring student loans that accrue interest while in deferment.

Before DefermentAfter DefermentSavings
Student loan balance$35,000$36,995- $1,995
Monthly payment$383$405- $22/mo
By deferring a $35,000 loan (or loans) at an average interest rate of 5.7% for 12 months, your new balance would be $36,995. This is a difference of $1,995.

Student loan refinancing rates as low as 2.56% APR. Check your rate in 2 minutes.

Payment

Monthly payment

Before Deferment

$35,000

April 2027

After Deferment

$36,995

April 2028

$0
$5,000
$9,000
$14,000
$18,000
$23,000
$28,000
$32,000
$37,000

Student Loan Deferment Calculator FAQs

1. Am I eligible to defer my student loans?

That depends. If you have federal student loans, you may be eligible for deferment for up to three years. You can learn more about deferment here.

Private student loans may or may not be eligible for deferment. Check with your lender to see if you’re eligible for deferment.

This calculator is not able to determine eligibility for deferment. It’ll only calculate the estimated costs of putting your unsubsidized loans (see below for more detail) into deferment.

2. How long can I defer my student loans for?

This varies, but you may be able to defer your student loans for up to three years (36 months) while in repayment.

After graduation, the standard grace period is six months from your graduation date.

3. Do my student loans accrue interest while in deferment?

That depends on the type of student loans. Any unsubsidized student loans will generally accrue interest during deferment periods. However, subsidized student loans will typically not accrue interest while in deferment.

Generally, private student loans will accrue interest while in deferment as well.

4. What’s the difference between deferment and forbearance?

Great question! You can learn more about the difference here.

Interested in refinancing student loans?

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Student Loan Hero Advertiser Disclosure

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print, understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.