What if I've fallen behind on one or more loan payments? What should I try to stay away from?
One thing you definitely want to avoid is going default! This occurs when you are at least nine months behind on your student loan. The consequences of default include damage to your credit rating and future indebtedness.
I have another question regarding the Military Service and Post-Active Duty Student Deferment. What will happen if I am in the military and want a deferment?
You will have to complete the Military Service and Post-Active Duty Student Deferment Request.