Will interest continue to accrue?

Modified on Wed, 22 Mar 2023 at 02:54 PM

We recommend members review all original loans documents and documents provided with your deferment to determine the impact to your loan terms, including the maturity date, payment amount, and interest accrual in effect during and after the deferment period.

Yes, in general, interest will continue to accrue at the interest rate stated in your original loan agreement during and after the time you have requested a payment be deferred.

In general, if you are approved for a deferment on a credit card, finance charges will continue to accrue daily. This may have a significant impact to your monthly payment when your regular payments resume.

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