Can I defer or postpone payments on my student loans from the Missouri Higher Education Loan Authority?

Yes, it is possible to defer or postpone payments on student loans from the Missouri Higher Education Loan Authority, commonly referred to as MOHELA. Borrowers may qualify for a deferment under certain circumstances such as financial hardship, return to school, or unemployment. It is important to understand that not all loans are eligible for deferment, and the specific terms can vary based on the type of loan and the borrower's situation. To initiate a deferment, borrowers typically need to apply and provide documentation to support their request. The application process can often be completed online through the MOHELA website, which may offer the most current options and forms required. Additionally, borrowers should be aware that interest may continue to accrue during the deferment period, depending on the type of loan they have. For the most accurate information regarding eligibility, application procedures, and any necessary documentation, it is advisable to visit the MOHELA website. This source will provide the most up-to-date details about deferment options and how they apply to individual loan circumstances.