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Do You Really Need One? "This offer is ideal for people facing late fees, penalties or who are behind on their bills and need money for breathing room," added Mr. Pryor. Deferment is designed to help students who are unable to pay off their loans due to unforeseen financial circumstances. Deferment allows a student to, in essence, pause their loan repayment for a specific period of time. However, its important to note that interest may still accrue during this time, meaning deferment can ultimately make your loan more expensive. Quick Cash Loans
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