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If approved for this benefit, the lender will put the borrower's loans into forbearance, suspending their monthly loan payments.
Learn more"Term" refers to the length of the loan, typically in years.
In general, the shorter the term, the lower the interest rate and the higher the monthly payments.
Disclosure: Student Loan Hero is a free website to help student loan borrowers.
We only evaluate lenders and do not issue student loans.
The rates and terms listed on our website are estimates and are subject to change at any time.