The Difference Between a Grace Period, Deferment, and Forbearance

There are three terms that could show up when you’re pausing the payback of a student loan—grace period, deferment, and forbearance—each has a different meaning, requirements, and uses. In this video member-turned-spokesperson, Erika Kullberg, covers the difference between all three. If you have any questions about your student loans, visit the student loan FAQ at http://sofi.com/faq/ About SoFi: A finance company that can help you get ahead. Get Your Money Right® with SoFi. Connect with SoFi: Subscribe to SoFi on YouTube: https://www.youtube.com/channel/UCuoYE0bfkZCwaspBVQ59jfQ?view_as=subscriber?sub_confirmation=1 Like SoFi on Facebook: https://www.facebook.com/SoFi/ Follow SoFi on Twitter: https://twitter.com/SoFi Follow SoFi on Instagram: https://www.instagram.com/sofi/ Follow SoFi on LinkedIn: https://www.linkedin.com/company/sofi/