Consolidating federal student loans lower interest
Repayment Period: This period begins six months after you graduate school or stop going to school.
In some cases, you can reduce the amount you pay rather than stop paying.
You pay the interest on the loan without help from the Department of Education.
You don't have to start paying it until the repayment period, though.
The biggest difference is that the IDR may result in loan forgiveness and a deferment is a temporary fix.
Forbearance: Refers to a temporary period when you don't have to make student loan payments.