by Namrata Sukhtankar | Feb 24, 2024
Forbearance is a temporary pause or reduction in student loan payments granted by a lender. In the context of study abroad, forbearance is a valuable option for students facing financial challenges, allowing them to temporarily postpone or reduce their loan payments....
by UniCreds | Feb 22, 2024
A grace period is a designated period after a student graduates, withdraws from school, or drops below half-time enrollment. During this time, they are not required to make loan payments. In the context of study abroad, the grace period provides students with a...
by Namrata Sukhtankar | Feb 24, 2024
Interest is the cost of borrowing money, typically expressed as a percentage of the loan amount. In the context of study abroad, interest plays a significant role in various financial aspects, particularly with student loans. Understanding how interest works is...
by UniCreds | Feb 22, 2024
Consolidation is a financial strategy that involves combining multiple loans into a single, new loan. In the context of study abroad loans, consolidation allows borrowers to simplify their repayment process by merging various loans into one, often with a new interest...
by UniCreds | Feb 22, 2024
Deferment is a temporary postponement of loan payments, during which interest may or may not accrue, depending on the type of loan. In the context of study abroad loans, deferment offers borrowers the option to temporarily halt their loan payments under specific...
