What are the two deferments?

Deferments typically refer to the postponement of obligations, often used in the context of loans or military service. In student loans, there are two common types: "in-school deferment," which allows borrowers to pause payments while they are enrolled in school, and "economic hardship deferment," which is granted when borrowers face financial difficulties. These deferments help borrowers manage their financial responsibilities during challenging periods.