Answer:
If the individual is temporarily unemployed, in active military service, suffering economic hardship, presently disabled, undergoing cancer treatment, serving in the Peace Corps, enrolled in a graduate fellowship program, he can postpone loan repayment.
Step-by-step explanation:
There are three conditions wherein the postponement of student loans are applicable. They include;
1. Grace Periods: This is the period when the student has just graduated from school and is given sometime by the employer to get a job. This most times comes is included in the initial stage of the loan offer.
2. Deferment: Occurs when the individual is unemployed or undergoing an economic hardship. At this time, he is not required to pay interest. To be qualified for deferment, the individual must not be behind in loan payments for the past 270 days.
3. Forbearance: The individual willingly suspends payment but is expected to pay interest.