Also when your student loan is deferred, it does not accrue any interest.
Forbearance is a temporary suspension of payments or a reduction of payments ; but it's not as good as deferral because while a student loan is in forbearance, it does continue to accrue interest charges.
Is your private loan a "student loan" or a "personal loan"?
If they are student loans, you should be able to defer all of your loans (since you still attend school), and at least put a stop to the accruing of interest.
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